4.1 Globalisation Flashcards
What does BRICS stand for?
Brazil, Russia, India, China, South Africa
What’s does MINT stand for?
Mexico, Indonesia, Nigeria, Turkey
What trade opportunities does the growth of emerging economies create?
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Explain employment patterns in relation to growing economies?
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What are 4 indicators of growth?
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Explain GDP?
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Explain health?
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Explain literacy?
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Explain human development index?
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What’s importing?
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What’s exporting?
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What’s a comparative advantage?
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What’s a competitive advantage?
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What’s foreign direct investment?
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What are 5 reasons for FDI?
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What’s globalisation?
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What are 5 key features of globalisation?
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What’s protectionism?
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What are the benefits of free trade?
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What are tariffs?
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What are subsidies?
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What is state procurement?
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What are soft loans?
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What are technical barriers?
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What are quotas?
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What is the risks of protectionism?
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What are trading blocs?
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What are 6 examples of tracing agreements that exist between countries and regions?
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What are 4 examples of global trading blocs?
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What are the benefits of trading blocs?
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What are the drawbacks of trading blocs?
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What are push factors that prompt businesses to look for opportunities in international markets?
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What are pull factors that prompt businesses to look for opportunities in international markets?
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