Mapa mental

Globalisation

Bea Rosales Economics A level Inglés

Contenido del mapa

Globalisation

Areas of integration
- Free trade across national boundaries of goods and services
- Free movement of labour between countries
- Free movement of capital between countries
- Free interchange of technology and intellectual capital acrossnational boundaries
A process in which national economies have become increasingly integrated and inter-dependent
Causes of globalisation
- Trade in goods
- Trade in services
- Trade liberalisation
- Multinational companies
- International financial flows
- Foreign ownership of firms
- Communications and IT
Impact on:
- Consumers
  - Consumer choice
  - Prices
  - Income
- Workers
  - Employment and Unemployment
  - Migration
  - Wages
- Producers
  - Specialisation and economic dependency
  - Costs and markets
  - Footloose capitalism
  - Tax avoidance
- Governments
  - Taxes
  - Bribe and lobby
  - Bring prosperity
  - Economic problems
- Environments
  - World prodcution
  - Extra demand
  - Multinationals
Costs of globalisation
- Environmental costs
- Tax competition and avoidance
- Less cultural diversity
- Bran drain from some countries
Benefits of globaliation
- Economies of scale (lower prices)
- Increased global investment
- Free movement of labour
- Reduce global inequality

Descripción: A level Economics Mapa Mental sobre Globalisation, creado por Bea Rosales el 30/09/2021.
Creado por: Bea Rosales
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