Karteikarten
Humanites Revision
Karten in diesem Stapel (2)
- 1What is GlobalisationGlobalisation usually refers to the increased flow of trade, people, investment, technology, culture and ideas among countries. Opening up international borders results in global markets instead of local or national markets. This includes markets for goods, services, labour and capital. For example in our global economy a business in one country often interacts with people and businesses in other countries to produce and sell its goods and services. When a family buys fruit from their local grocery store, they may end up buying apples from New Zealand, apricots from China and bananas from Ecuador.
- 2Drivers Of Globalisation- Reduced barriers to trade, such as lower tariffs (this has been the case for manufactured goods but not for agricultural goods)
- The fall of communism. Former Soviet Union, Eastern Bloc and China once isolated now have more market-oriented economies and are doing business with the rest of the world.
- Methods of communication such as the Internet, making it easier to spread information and share ideas around the world.
- Improvement in methods of transport making it easier for people to travel and to move goods and services across borders.
- Rise of transnational corporations (TNCs). These are large global corporations that buy their inputs around the world, tend to manufacture components in low-cost locations and sell their goods in many different countries.
- Trade agreements between countries and the role of the World Trade Organisation (WTO)
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- Karteikarten am Humanites Revision, erstellt von Maggie Monckton am 14/11/2013.
- Erstellt von
- Maggie Monckton
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- 15
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