4.1 Globalisation Flashcards

(33 cards)

1
Q

What does BRICS stand for?

A

Brazil, Russia, India, China, South Africa

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2
Q

What’s does MINT stand for?

A

Mexico, Indonesia, Nigeria, Turkey

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3
Q

What trade opportunities does the growth of emerging economies create?

A

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4
Q

Explain employment patterns in relation to growing economies?

A

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5
Q

What are 4 indicators of growth?

A

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6
Q

Explain GDP?

A

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7
Q

Explain health?

A

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8
Q

Explain literacy?

A

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9
Q

Explain human development index?

A

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10
Q

What’s importing?

A

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11
Q

What’s exporting?

A

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12
Q

What’s a comparative advantage?

A

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13
Q

What’s a competitive advantage?

A

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14
Q

What’s foreign direct investment?

A

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15
Q

What are 5 reasons for FDI?

A

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16
Q

What’s globalisation?

17
Q

What are 5 key features of globalisation?

18
Q

What’s protectionism?

19
Q

What are the benefits of free trade?

20
Q

What are tariffs?

21
Q

What are subsidies?

22
Q

What is state procurement?

23
Q

What are soft loans?

24
Q

What are technical barriers?

25
What are quotas?
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26
What is the risks of protectionism?
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27
What are trading blocs?
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28
What are 6 examples of tracing agreements that exist between countries and regions?
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29
What are 4 examples of global trading blocs?
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30
What are the benefits of trading blocs?
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31
What are the drawbacks of trading blocs?
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32
What are push factors that prompt businesses to look for opportunities in international markets?
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33
What are pull factors that prompt businesses to look for opportunities in international markets?
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