4.1.3 Factors contributing to increased globalisation

Question 1

define foreign direct investment

Answer 1

business investment undertaken by a firm in another country

Question 2

define globalisation

Answer 2

the growing integration of the world’s economies

Question 3

define transnational or multinational companies

Answer 3

companies that own or control production or service facilities outside the country in which they are based

Question 4

define World Trade Organisation

Answer 4

an international organisation that promotes free trade by persuading countries to abolish tariffs and other barriers
-policies free trade agreements, settles trade disputes between governments & organises trade negotiations