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What globalisation means

Concept map of globalisation showing drivers such as containerisation and ICT, flows such as goods, services, capital and labour, and effects such as lower prices, economies of scale and external shocks

Globalisation is the process by which national economies become increasingly connected and interdependent through flows of goods, services, capital, labour, technology, data and ideas. It is broader than "more trade" because it also includes investment, migration and cross-border information.

2.6.1 Globalisation Lesson