Globalisation
Globalisation is the increasing interdependence, integration, and interconnection of economies, societies, and cultures across the world. It involves flows of capital, labour, goods, services, information, and cultural products across borders.
Real World
Apple designs its iPhones in California, sources rare-earth minerals from the Democratic Republic of Congo, manufactures components across South Korea and Taiwan, and assembles final products in Foxconn's Chinese factories before selling globally — embodying every dimension of globalisation in a single product.
Exam Focus
For 'assess' questions, use named TNC examples with data (trade values, FDI figures) to demonstrate evaluation beyond simple description.
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