Effects of Globalisation

Question 1

what are the 2 effects of globalisation

Answer 1

1. debate on globalisation (separate study)

2. Expansion of World TRade

Question 2

how has world trade expanded and what has been effected

Answer 2

through elimination of trade barriers greater imports are offered to consumers with a wider varity of goods at lower prices while providing incentives for domestic industries to remain competitive

Question 3

what is the east asian miracle

Answer 3

their export led market promotes efficiency and national competitivess

Question 4

what is the impact of trade openess

Answer 4

greater openess attracts FDI which boosts domestic production ad employment while providing new tech
FDI creates DIRECT, STABLE, LONG LASTING links between countries

Question 5

discuss how globalisation can bring about winner and losers

Answer 5

winners gain more than losers lose so it is possible to compensate the lowers to get net gain