Flashcards
Globalisation
Flashcards do conjunto (19)
- 1What is globalisation?Ever increasing integration of the world’s local, regional and national economies into a single international market
- 2What is globalisation leading to?resulting in ever-closer links between the world economies
- 3What are the characteristics of globalisation? (4)1) Free trade across borders
2) Free movement of labour
3) Free movement of capital
4) Free exchange of technology and knowledge - 4What is pure globalisation?world with no boundaries to trade, with perfectly free movement of labour, capital and technology
- 5What are key elements of globalisation? (2)1) Global brands
2) Global sourcing - 6What are elements of global brands? (2)1) Products are more standardised than ever before
2) Available in more countries than ever - 7What are elements of global sourcing?1) Local domestic production is being replaced through worldwide production
2) Companies are sourcing raw materials, manufactured components from all over the world - 8What is the globalisation trend in the recent decades?Moved beyond trade and production to include other things such as the migration of people, knowledge and technology transfers and investment - Seems to be gaining pace over the past few years/decades
- 9Factors promoting globalisation?1) A general reduction in protectionism worldwide
2) A reduction in international capital (finance) movement restrictions
3) ICT developments
4) Falling transport costs - 10What is an example of a general reduction in protectionism worldwide?The WTO (World Trade Organisation) has sort to remove quotas, tariffs and other barriers to global trade
- 11What is the argument against a reduction in protectionism?whether regional trading blocks (EU, NAFTA) have promoted or damaged this
- 12What has a reduction in international capital (finance) movement restrictions led to?Allowing and encouraging FDI throughout the world
- 13What has ICT developments led to?1) Falling communication costs
2) International markets
3) Real-time data
4) Enabling of global supply chains - 14What are the benefits of falling transport costs?1) Greater bulk distribution
2) Greater economies of scale have been gained in this area
3) Increase energy efficiency - 15What are the advantages of globalisation?1) Increased trade
2) Higher living standards
3) More consumer choice
4) Technology and knowledge transfer
5) Better access to healthcare drugs/ supplies - 16What are the disadvantages of globalisation?1) Over-dependence on other countries
2) Exploitation of poor countries
3) Increased inequalities
4) Downwards pressure on wages - 17What are multinationals?Huge companies operating across many countries
- 18What are multinational companies considered to be?Considered to be strongly linked to globalisation
- 19Pros and Cons of multinationals?Whilst they may provide jobs and technology transfer, they are accused of exploiting poor workers and tax avoidance
Informações
- Descrição
- A-Level Macro yr13 (4.2.6.1 Globalisation) FlashCards sobre Globalisation, criado por Maya Khangura em 20-02-2017.
- Criado por
- Maya Khangura
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