4.1 Globalisation Flashcards

1
Q

What does BRICS stand for?

A

Brazil, Russia, India, China, South Africa

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2
Q

What’s does MINT stand for?

A

Mexico, Indonesia, Nigeria, Turkey

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3
Q

What trade opportunities does the growth of emerging economies create?

A

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4
Q

Explain employment patterns in relation to growing economies?

A

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5
Q

What are 4 indicators of growth?

A

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6
Q

Explain GDP?

A

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7
Q

Explain health?

A

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8
Q

Explain literacy?

A

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9
Q

Explain human development index?

A

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10
Q

What’s importing?

A

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11
Q

What’s exporting?

A

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12
Q

What’s a comparative advantage?

A

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13
Q

What’s a competitive advantage?

A

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14
Q

What’s foreign direct investment?

A

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15
Q

What are 5 reasons for FDI?

A

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16
Q

What’s globalisation?

A

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17
Q

What are 5 key features of globalisation?

A

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18
Q

What’s protectionism?

A

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19
Q

What are the benefits of free trade?

A

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20
Q

What are tariffs?

A

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21
Q

What are subsidies?

A

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22
Q

What is state procurement?

A

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23
Q

What are soft loans?

A

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24
Q

What are technical barriers?

A

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25
Q

What are quotas?

A

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26
Q

What is the risks of protectionism?

A

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27
Q

What are trading blocs?

A

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28
Q

What are 6 examples of tracing agreements that exist between countries and regions?

A

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29
Q

What are 4 examples of global trading blocs?

A

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30
Q

What are the benefits of trading blocs?

A

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31
Q

What are the drawbacks of trading blocs?

A

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32
Q

What are push factors that prompt businesses to look for opportunities in international markets?

A

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33
Q

What are pull factors that prompt businesses to look for opportunities in international markets?

A

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