globalisation

Question 1

Globalisation

Answer 1

process by which economies have become increasingly integrated and interdependent

Question 2

features of globalisation

Answer 2

goods can be sold anywhere
existence of MNCs e.g mcdonalds
global sourcing

Question 3

Consequences of Globalisation

Answer 3

outsourcing–cheaper labour costs–cop falls —prices fall

increase FDI–increase competition–lower prices

free trade agreement—lower tarrifs –lower import prices–lower cop –lower prices

containerisation–cheaper for firms to transport–lower ac–prices

Question 4

causes of globalisation

Answer 4

–more trade deals(increase trade agreement) –improvement of good services–increase globalisation

increase in fdi–moving business around the world–capital moves for production –improvements in transport–cheap ability to transport goods

advances in technology–online payment systems–increase movement of g/s–increase globalisation