Globalisation rev

The document discusses several aspects of globalization including its definition, the integration of economies, corporate expansion, and issues related to globalization. Globalization can be viewed as an economic, social, and cultural phenomenon driven by expanding trade ties between countries and the spread of capitalist institutions. Key factors enabling economic integration include technology, communication networks, and reduced trade barriers. While trade increases choice and growth, it can also worsen inequality and exploitation if poor countries and workers lack access to markets. Large multi-national corporations operate across borders primarily to lower costs and control supplies, but this expansion raises issues around environmental damage, labor practices, and cultural impacts. Accountability, wealth disparities, and ethics in business are also important globalization concerns.