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Globalization by Mind Map: Globalization

1. Definition

1.1. How trade and technology have made the world into a more connected and interdependent place

2. Regulations

2.1. Definition

2.1.1. Regulatory globalization is the process by which regulatory agencies extend their reach internationally

2.2. They regulate...

2.2.1. - The flow of goods and services between countries - Reduce tariffs - Make customs procedures easier

3. Private companies are the ones who benefits from it the most

3.1. TNC's

3.1.1. Definition A large company that operates in several countries

3.1.2. What they do - They surpass national borders to take advantages of whatever opportunities they can find - They influence the economy and politics of a country - They influence the global trade laws of the international regulatory groups

3.1.3. They are located where the cheapest labor is. They can be find in... Developing nations