Globalisation is an economic, political and cultural phenomenon, involving the increasing interaction, or integration of national economic systems through the growth in international trade, investment and capital flows. It is a cross border social, cultural and technological exchange. It's the process in which geographic distance becomes a factor of diminishing importance in the establishment and maintenance of cross border economic, political, technological, and socio cultural relations under the conditions of capitalism. Alexander Downer has said …showed first 75 words of 1029 total…

…showed last 75 words of 1029 total…that affect the people. A concept of thinking locally and acting globally has emerged. The need to maintain a diversity of social and economic relations, that are vital, if empowerment is understood as a process of promoting, preserving and engaging in the expertise of the local. We need to re-imagine communities in a globalised world and the meaning and nature of local relationships, the democratisation of local economic relationships and new forms of local governance.