Globalisation refers to the increasing economic integration between countries leading to the emergence of the global market place and the creating of an ever-spreading web of global production networks. There exist several forces that promote globalisation and are generally supported by most governments around the world and through this there are several outcomes derived.
Forces which underpin globalisation include global institutions, the increase in trade agreements, rapid technological change, the deregulation of financial markets, and the mobility of the labour force and the influence of TNC's. Outcomes derived from these forces including the rapid growth of the economy, the increase of trade and trade agreements between nations, cultural convergence and integration as well as the rapid growth and development of the Asia Pacific Region.
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