What is Globalisation
My favourite definition of globalisation is also one of the most simple.

'Globalisation is the increasing interconnectedness and interdependency of the economies of the world'
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Put simply, globalisation has been happening since trading began, each time we create a new supply chain, market, agreement or even family tie between two economies, globalisation is increasing.

Causes of Globalisation

• ​ Migration.
  
• Improvements in production and communication technology.
• Containerisation.
• Reduction in protectionism

Effects of Globalisation

• Increased cooperation between the more liberal economies of the world.
• Increased free trade (liberalised trade or trade free from protectionist policies).
• Global supply chains allowing for greater economies of scale.
• Increased capital flows between countries.
• The rise of multinationals and global brands.
• Increased convergence of cultural, social and religious traditions.