HSC ECONOMICS

HSC ECONOMICS

1. Globalisation

   • Trade in Goods and Services
     • GWP
       • GROSS WORLD PRODUCT Value of all goods and services produced in the world over a period of time
     • Composition of Trade
     • Direction of Trade Flows
   • Transportation, Communication and Technology
     • Easier to move around the world
     • Easier to move money around the world
     • Communications are cheaper and more reliable
     • Social Media Platforms
   • Investment Flows
     • FDI
       • FOREIGN DIRECT INVESTMENTS Movement of money overseas for investment purposes (e.g. starting up a new company) 
     • TNC's expanding their business overseas