Definition Many see globalisation as a primarily economic phenomenon, involving the increasing interaction of nation through the growth in international trade, investment and capital flows. But by creating a 'borderless world" of people, capital, and information, globalisation has transformed the world into a single social system as the growing tiers of interdependence (social, political, cultural, technological and economic) condition the fate of people everywhere. How it came about Development of Globalisation can be traced back …
showed first 75 words of 708 total

showed last 75 words of 708 total
…multicultural identity. At the same time, it's undercut identity as the crumbling of binding social and national values leave people feeling disconnected, that goals are not shared, that modern life is lived in isolation. The rolling tide of globalisation has left us with the feeling that our lives are increasingly beyond our control; that old certainties are passing; that the world is becoming an alarmingly small place, but also, paradoxically, moving beyond a human scale.