Lecture 2: Trends in Globalisation Flashcards
1
Q
Early 1600s-1850
A
- Powerful Euro companies organised major trade flows between themselves and Asia and Africa
- Trade between Europe and Americas grew
- Slave trading flourished
2
Q
19th Century- 1914
A
- Volume of world trade increased
- Colonia powers were able to reap huge rewards
- Mass migration to Aus, America, Canada
3
Q
World Wars
A
- Major fall in investment
- World trade declined by 66% between 1929 and 1934
4
Q
Post 1945
A
- World’s major nations joined a number of globalising institutions
- Trade and investment grew
5
Q
Intra-firm trade
A
As a result of globalisation of production, products increasingly consist of parts made in a range of different countries
Resulted in a boom in intra-company trade
