Globalisation - GCSE Business Definition

What is globalisation?

In GCSE Business, globalisation is defined as the increased integration and interdependence of countries and businesses internationally.

Globalisation increases the freedom of movement of people, capital and finance across borders and allows more businesses to buy and sell goods and services internationally. It has occurred rapidly in recent years due to advances in transport and technology. At the same time, more countries have adopted policies that promote free trade, such as trade agreements and the removal of trade barriers such as import tariffs and quotas.