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Additionally, regional trade agreements have also been developed, which have included 'single markets' established by the European Community and NAFTA (North American Free Trade Agreement).
Technologically, the Information Technology revolution has resulted in massive improvements in communication, through faxes, email, and the internet. These improvements have resulted in the world becoming a smaller place as world-wide interaction is both quick and easy.
Culturally, there has been a spreading of globalisation through the media of films, television and music. For example, following the Second World War, the USA fearing the rise of communism, actively encouraged and subsidised the world-wide distribution of films effectively advertising the benefits of capitalism and the American Dream...
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