​Globalisation
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tutor2u.net
​Globalisation
Globalisation is a process by which economies and cultures have been drawn deeper together and have become more inter-connected through global networks of trade, capital flows, and the rapid spread of technology and global media. The share of global GDP accounted for by exports of goods and services has risen from 12% in 1960 to almost 30% now.
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368K views · 6.8K reactions | Things have got cheaper, but has life got better? The IMF’s Chief Economist Gita Gopinath gives her verdict on globalization in this latest instalment of our #EconomistExplains series | World Economic Forum | Facebook
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