GLOBALIZATION.
Globalization is the process of interaction and integration worldwide. There is an increasing share of consumation consists of goods available for everyone from the same companies. The concept is to globalize the economy. We have also to observe the degree of convergence in economic thinking and the disappearance of national schools of economic thought. Today the economies of most countries are so interconnected that they form a single, interdependent economy. Globalization can be economic, social and political ( amount of political co-operation there is between countries ). Causes and Effects of Globalization : - the development of communication technologies (internet, email, phones) vital to its growth because it helps MNCs to operate through the world. - the development of satellite Tv channels that provided marketing and products. - the development of transports. - international organizations like WTO and IMF that promote free trade. - capitals flow freely and instantly throu