Globalisation is an economic, political and cultural phenomenon, involving the increasing interaction, or integration of national economic systems through the growth in international trade, investment and capital flows. It is a cross border social, cultural and technological exchange. It's the process in which geographic distance becomes a factor of diminishing importance in the establishment and maintenance of cross border economic, political, technological, and socio cultural relations under the conditions of capitalism. Alexander Downer has said …
showed first 75 words of 1029 total

showed last 75 words of 1029 total
…that affect the people. A concept of thinking locally and acting globally has emerged. The need to maintain a diversity of social and economic relations, that are vital, if empowerment is understood as a process of promoting, preserving and engaging in the expertise of the local. We need to re-imagine communities in a globalised world and the meaning and nature of local relationships, the democratisation of local economic relationships and new forms of local governance.