Globalisation is a complex phenomenon that is more in the nature of a process than a state of affairs. There have been several attempts at deﬁnition. Most deﬁnitions boil down to the fact that globalisation is both a process of geographical/spatial outreach and a process of an increased degree of interconnectedness and interdependence between people, groups and institutions based in different countries of the world. As a process of spatial outreach it is not new and has long historical antecedents. Nonetheless, it is argued in this chapter that the current process is considerably different from any previous process of outreach. One of the major differences is seen in the role that transnational corporations play in the globalisation process.