Globalisation

Trade, technology and cultural globalisation

Globalisation

Globalisation is the increasing connection between countries through trade, technology, culture and communication. The internet and fast transport have made the world more interconnected. Products, ideas and cultures spread rapidly across borders.

Example

Globalisation in SA

• Trade: SA exports minerals to China, imports electronics • Culture: Hollywood, K-pop, international sport • Technology: WhatsApp, Google, YouTube • Food: McDonald's alongside local restaurants • Jobs: call centres, international companies in SA Positive: more products, information Negative: local businesses struggle, culture loss

Note

Remember

Globalisation has benefits (access to goods, technology) and drawbacks (loss of local culture, exploitation). SA must balance global trade with protecting local industries. 'Think globally, act locally.'

Key Vocabulary

GlobalisationIncreasing connections between countries

MultinationalA company that operates in many countries

Free tradeTrade without taxes or restrictions

InterconnectedLinked and dependent on each other

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Globalisation

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