Globalisation is the growing interdependence between the economies and businesses of different countries. Globalisation has been growing for centuries and in particular since the end of the World War II. It is driven by many factors, but key amongst those that have driven the major increase over the last decade or so are improved communications, cheap travel and transport, deregulation of trade barriers and development within individual economies.
The former Department for Trade and Industry (now the Department for Business, Enterprise and Regulatory Reform) considers globalisation to be good for the UK and to benefit developing countries too.
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