Factor contibutiong to increased globalisation

Question 1

Globalisation

Answer 1

Businesses develop international influence or start operating on an international scale

Question 2

Trade liberalisation

Answer 2

Removal of trade restrictions
+Price of imports lowers
+Increased access to overseas markerts
-Increased competition in domestic markets
-Removal of national cultures

Question 3

Political change

Answer 3

China relaxing oof communist values
-Trade barriers relax
-More inward FDI

Question 4

Decreaesed cost of transport & communications

Answer 4

Transport-tech advanmence-engines more fuel efficent
Communication-infomation sent between countries more easly & cheaply-internet
Encouages business to trade in forgein markets

Question 5

Increased transnational corporations

Answer 5

Business that operated in more than one country e.g. Nike
-Increases preasure on countries to engage in free trade

Question 6

Increased investemnt flows

Answer 6

Investors- easier to invest in businesses abroad
Businesses-Building factories abroad
-Cross boarder mergers & take overs

Question 7

Migration

Answer 7

Movement of labour/people from one area to another
+More ambitious individuals & highly skilled & educated labour
+New demand for products

Question 8

Growth of the labour force

Answer 8

More avilibility of skilled workers-recuit across boarders
Offshoring-moving production abroad
Outsoucing-pay another business to produce your good