2.4 Flashcards
1
Q
Define globalisation
A
The process through which there’s an increasingly free flow of people/goods/services/capital
2
Q
What is the fdi
A
Foreign direct investment
Occurs when businesses and governments invest in other countries
3
Q
Factors contributing to globalisation
A
Trade barrier removed
IMF world bank
EU
WTO - resolves arguments
4
Q
What’s hdi
A
Human development index
Measures/
GDP
Life expectancy
Years in school
