Flashcards
Globalisation
Cards in this deck (3)
- 1What is globalisation?Globalisation is the process by which the world is becoming increasingly interconnected as a result of massively increased trade and cultural exchange.
- 2Advantages of Globalisation-Resources of different countries are used for producing goods and services
-Consumers get a wider variety of products
-Companies get access to much wider markets hence can really improve their profit - 3Disadvantages of Globalisation-Developed countries can stifle development of undeveloped and underdeveloped countries because they are much wealthier with better infrastructure
-It can increase spread & communicable diseases
-May consequensly cause job losses
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- 12 Business Flashcards on Globalisation, created by rnoakes on 21/03/2014.
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- rnoakes
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