Globalisation

The economic aspect of globalisation

The economic dimension of globalisation is concerned with the global economic network. The liberalization of the world economy has led to a rise in the movement of goods, services, people and capital. The fact that national restrictions on foreign trade have been lifted and borders opened means that companies have become increasingly networked and multinational corporations (MNCs) often outsource the production of their products to so-called low-wage countries in order to save costs. The raw material extraction, production, trade and consumption of the world are thus related to each other and are characterized by global dependencies.

Electrical appliances, clothing, furniture and food are examples of the daily trade by which the globalisation of the economy is clearly explained. But how do we actually get our products and what becomes of them after we throw them away? The American activist and presenter, Annie Leonard, also asked these questions and some answers can be found in her film "The Story Of Stuff".