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Globalisation
The term globalisation came into common use
in the twentieth century, but in practise
companies have been expanding globally for
longer and it is has been around since 1400s.
Many commenters say that this phenomenon
isnt as simple, and fails to take into account
globalisation as a multi-layered process, which
encompasses elements of technology, science
and innovations over time (Guttal, 2007;
Hebron and Stack, 2011; Martens et al, 2010).
Globalisation
However more recently a new
distinct form of globalisation has
been suggested, it is consistent with
the rise of the BICs (Brazil, India,
China and South Africa), in particular
China and the notion of Chinese
capitalism with its features of social
formation (Henderson et al., 2013).
Globalisation
In conclusion globalisation is an
activity of assimilation by global
corporations into the world economy.
Many commentators state it is a
multi-layered process; the world is
interconnected via current and
emerging technology (RAM, 2014),
science and innovations (Guttal,
2007; Hebron and Stack, 2011;
Martens et al., 2010).
Globalisation
Another common feature noted by
numerous commentators is what has
been termed globalisation with
Chinese characteristics (Solomon,
1994; Lui and Fang, 2009; Henderson
et al., 2013).