4.1.4 Globalisation Flashcards
1
Q
What is meant by globalisation?
A
process which economies have become more interconnected through global trade, capital flows and spread of technology
2
Q
What are the characteristics of globalisation?
A
- competitiveness
- exchange rates
- development
- tarriffs
- trading blocs
- global problems
3
Q
Give six factors which have contributed to globalisation in the last 50 years.
A
- technology
- industrial organisation
- political
- production issues
- economy
- resources and market
4
Q
What are the impacts of globalisation on individual countries?
A
- creates relations
- strengthens economy
- access to goods and services
5
Q
What are the impacts of globalisation on governments?
A
- removes pressure for welfare benefits as globalisation provides jobs
6
Q
What are the impacts of globalisation on producers?
A
- more access to resources
- lower costs as they can move production to cheaper places
- technology means they can have access to more advanced machinery
7
Q
What are the impacts of globalisation on consumers?
A
- more choice
- better quality
- cheaper goods
8
Q
What are the impacts of globalisation on workers?
A
- more job opportunities
9
Q
What are the impacts of globalisation on the environment?
A
- uses a lot of resources
- pollution from production
- promotes competition to natural resources are depleting
