Flashcards
Globalisation Basics
Cards in this deck (8)
- 1What is globalisation?The process of economies becoming more integrated
- 2Why does glabalisation happen?Because of international trade, investment and improvement in communications
- 3What effect has globalisation had on countries?Its made them more interdependent
- 4Why has a development in ICT benefited companies?It is now easier and quicker for businesses to communicate with each other
- 5Give two reasons why a development in transport has helped gloabisation1) Its now quicker and easier to talk to people face to face
2) Its easier for companies to receive and supply products from/ to all over the world - 6In 2004 why did Aviva move 950 call centers from UK to India?Because it costs 40% less in India
- 7Why are a lot of call centers based abroad now?Because labour is cheaper and globalisation means the quality of communication isn't disrupted
- 8What else have improvements in ICT and transport allowed industries to do?Develop around a certain area, e.g many formula 1 companies are built around Oxfordshire as its near Silverstone race circuit but people can easily fly in etc