Globalisation

Globalisation

1. Causes

   • Improved Infrastucture
   • Improved Communications
   • Reduced Protectionism
   • Financial Markets developed
   • Increased Multinational's

2. Benefits

   • Enables comparative advantage
   • World economic growth and development
   • Increased Consumer Choice
   • Lower production costs

3. Drawbacks

   • Exploitation of developing countries
   • External Costs
   • Increased Inequality