GE1714

Date: 27/09/2021 Score:

Directions: Draw a concept map about globalization then define it in your own words.

Globalization is the process

by which ideas, knowledge,
information, goods and
services spread around the
world.

Used in an economic
context to describe
integrated economies Globalization, or
marked by free trade, the globalisation as it is
free flow of capital among GLOBALIZATION known in some parts
countries and easy access of the world, is
to foreign resources, driven by the
including labor markets, to convergence of
maximize returns and cultural and
benefit for the common economic systems.
good.

[Grab your reader’s attention with a

Globalized economy,
great quote from the document or use
countries specialize in
this space to emphasize a key point.
the products and
To place this text box anywhere on
services they have a
the page, just drag it.]
competitive advantage in.
This generally means
what they can produce
and provide most
efficiently, with the least
amount of resources, at a
lower cost than
competing nations.

01 Worksheet 1 *Property of STI

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