4.1.3 Factors Contributing to Increased Globalisation Flashcards
1
Q
What is Foreign Direct Investment (FDI)?
A
Business investment undertaken by a firm in another country; building a factory for example.
2
Q
What is Globalisation?
A
The growing integraKon of the world’s economies.
3
Q
What are transnational or multinational companies?
A
Companies that own or control production or service facilities outside the country in which they are based.
4
Q
What is the World Trade Organisation (WTO)?
A
An international organization that promotes free trade by persuading countries to abolish tariffs and their barriers. It polices free trade agreements, settles trade disputes between governments and organizes trade negotiations.
