global systems and governance

Question 1

what is globalisation

Answer 1

the process of becoming more globally connected. the movement of people, knowledge, ideas, goods and money across national boarders.

Question 2

economic factors of globalistation

Answer 2

-TNCs trade products internatinally and use international outsourcing and offshoring to lower costs.
-industries moved to developing countries to save money on labour, brining economic growth there
-trade blocs create economic integration between states and promote development
-sources of income from international companies
-global transactions of money

Question 3

political factors of globalisation

Answer 3

-goverments form connections to trade, such as trade deals and trade blocs.
-weatern democracies especially have had a global influence on political ideas, such as developmet if market economies in former communist states.
-deregulation policies allow markets to grow with an international reach
-international organisations exist to harmonise national economies and political relation