Globalisation is the world-wide movement towards the integration of economic, financial, trade and communications. The Globalisation is an acceptance of a set of economic rules for the entire world designed to maximise profits and productivities by universalising markets and productions, and to obtain the support of the government with a view to making the national economy more productive and competitive.
Reference Definition by OECD: The term globalisation is generally used to describe an increasing internationalisation of markets for goods and services, the means of production, financial systems, competition, corporations, technology and industries. Amongst other things this gives rise to increased mobility of capital, faster propagation of technological innovations and an increasing interdependency and uniformity of national markets.
Related Definitions in the Project: The Project Management
