Factors Affecting Economic Globalization

Factors Affecting Economic Globalization

1. FAMINE

2. NATURAL DISASTER

3. WAR

   • WW1 (1914-1918)
     • Britain Russia France VS. Germany Austria-Hungary
     • Competition for imperial powers to protect and expand colonies and trade
     • Costs of War were so high - European economies were devastated
     • Treaty of Versailles
       • Germany had to pay reparations to Britain France Russia
       • Germany had to give up colonies
     • Russian Revolution (1917

4. ECONOMIC UNCERTAINTY

5. GOV. ECONOMIC POLOCIES

6. CHANGE IN INVESTORS CONFIDENCE

7. PRICE CHANGES FOR NON-RENEWABLES