4.1.3 factors contributing to increased globalisation Flashcards

1
Q

define globalisation?

A

This is the increasing integration and cooperation between countries and growth of international trade

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2
Q

what are some features of globalisation?

A
  • multicultural society- constant sharing and merging of cultures
  • flow of capital between society
  • economic interdependence between countries
  • goods and services traded throughout
  • collaboration between countries
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3
Q

what are some factors aiding in globalisation?

A
  • transport and communication networks have improved significantly
  • improvements on broad brand
  • investments in either countries through FDI
  • political reform and stability
  • increased migration
  • reduction in trade barriers
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