4.1.1 - Globalisation

Question 1

What Is Globalisation?

Answer 1

Is the economic integration of different countries through increasing freedoms in the cross-border movement of people, goods, service, technology and finance.

Question 2

What Has The Integration Of Global Economies Impacted, Spread, Sped Up & Led To In Developing Countries?
(4 Points)

Answer 2

~ Impacted national cultures.

~ Spread ideas.

~ Sped up industrialisation.

~ Led to de-industrialisation.

Question 3

What Are The Causes Of Globalisation?
(5 Points)

Answer 3

~ Trade liberalisation.

~ Trading blocs.

~ Growth of MNCs.

~ Technological advancements.

~ Mobility of labour and capital.

Question 4

Trade Liberalisation Is A Cause Of Globalisation, Explain How?
(2 Points)

Answer 4

~ It has lead to more free trade.

~ Caused trade barriers to decrease.

Question 5

Trading Blocs Is A Cause Of Globalisation, Explain How?

Answer 5

Growth of trading blocs has brought nations together.

Question 6

Growth Of MNCs Is A Cause Of Globalisation, Explain How?

Answer 6

Bigger MNCs have dispersed more around the world, leading to greater integration.

Question 7

Technological Advancements Is A Cause Of Globalisation, Explain How?
(2 Points)

Answer 7

~ It’s easier to transport goods around the world.

~ It’s easier for businesses to set up in foreign countries.

Question 8

What Are The 4 Main Characteristics Of Globalisation?

Answer 8

~ Increasing foreign ownership of companies.

~ Increasing movement of labour and technology across borders.

~ Free trade in goods and services.

~ Easy flows of capital (finance) across borders.