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GLOBALIZATION par Mind Map: GLOBALIZATION

1. Trade

1.1. Imports, Exports, Aid

1.2. Connection to most of the world

2. Culture

2.1. Diversity, multicultural

2.2. Open-Minded

3. Communication

3.1. Media, Newspapers, TV

3.2. Creates communication hubs

4. Global Cities

4.1. Migration and culture

4.1.1. Immigration

4.2. Finance and trade

4.2.1. Banks

4.3. Transport Hubs

4.3.1. Airports and Ports

4.4. Ideas and Information

4.4.1. Academic, Communication

4.5. Governance and Decision Making

4.5.1. Headquarters

4.6. Example: Dubai, New York, Mumbai

5. TNCs and MNCs

5.1. Companies spread across various countries

5.2. Example: McDonalds, Shell, IBM

6. Changes Priorities

6.1. In 2006, biggest sector was energy

6.2. In 2016, biggest sector was IT