
Globalization has been taking place for hundreds of years, but has sped up enormously over the last half-century.
Globalization has resulted in:
- ■ increased international trade
- ■ a company operating in more than one country
- ■ greater dependence on the global economy
- ■ freer movement of capital, goods, and services
- ■ recognition of companies such as McDonalds and Starbucks in LEDCs


Another famous phenomenon very famous right
now is the e-commerce. It is the activity of buying or selling of products on online services over the Internet. Here you can buy things such as computers books etc.. The most famous e-commerce sites are Amazon and Alibaba.
Also, the industries that mainly sell products like telephones