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Globalization.

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Have a little read: ... Globalization Introduction Globalization, concept that encapsulates the growth of connections between people on a planetary scale. Globalization involves the reduction of barriers to trans-world contacts. Through it people become more able-physically, legally, culturally, and psychologically-to engage with each other in "one world". Global connections take many forms. For instance, jet aeroplanes transport passengers and cargo across any distance on the planet within a day. Telephone and computer networks effect near-instantaneous interpersonal communication between points all over the Earth. Electronic mass media broadcast messages to world audiences. Countless goods and services (such as Nissan cars and Club Med holidays) are supplied to consumers in global markets. Moreover, some articles (including much clothing and electronics) are manufactured through trans-world processes, where different stages of production are located at widely dispersed locations on the Earth. The US dollar and the Euro are examples of currencies that have global circulation. In global finance, various types of savings

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