Globalisation

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EnhanceTV :: Feature Articles :: Globalisation

Globalisation

Countries, businesses and communities are increasingly working together. Changes in transport, communications, media, people movements, overseas investment, and lowering trade barriers are helping to integrate the world.

Globalisation is related to four major phenomena:

- The improvements in transport and communications technologies have helped Australian businesses overcome the tyranny of distance.
- Standards of living have risen in many countries so more people have money to spend on goods and services they want, rather than simply ones they need to live on. This provides opportunities for small exporters to develop niche products.
- Many governments encourage trade liberalisation and foreign investment so that their countries can benefit from global business activity.
- Businesses large and small expand globally to minimise cost and maximise profit.

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Level	Primary
Learning Areas	Business & Economics
Author	Austrade
Price:	Free

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