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GLOBALISATION
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GLOBALISATION
Globalisation is the process by which the world is becoming increasingly interconnected as a result of massively increased trade and cultural exchange.
Globalisation has been taking place for hundreds of years, but has speeded up enormously over the last half-century.
Globalisation has resulted in:
- Increased international trade
- A company operating in more than one country
- Free movement of capital, goods and services
PROS
- Cheaper imports
- Faster growth in poorer regions
- Pressure to increase skill level
CONS
- Reduced job security for all workers
- Reduced wage to less skilled workers
- Loss of variety in consumer goods
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- Mind Map on GLOBALISATION, created by chloe gould on 19/12/2017.
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- chloe gould
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