Are we in an era of de globalisation? - further reading

Question 1

what are the advantages of being in the EU?

Answer 1

-positive financial gains in trade + investment
-no tariffs to trade with others in the EU
-free trade deals with EU friends, eg Canada + Japan
-in 2006-08, roughly 50 % of Uks exports went to the EU
-freedom to move around EU
-foreign companies invested in London to gain EU access
-increased security

Question 2

what are the disadvantages of being in the EU?

Answer 2

-some see the EU as ‘diminishing’ the UKs powers, as they have to follow EU laws and treaties, so they lose control
-e.g. illegal to make someone work more
than 48hrs a week
-cant prevent entry of immigrants ->housing and job problems
-benefited wealthy more

Question 3

what does brexit show?

Answer 3

de-globalisation

Question 4

what was the American financial crisis?

Answer 4

-banks gave out high risk mortgages
-people couldnt pay back
-banks failed
-knock on effect

Question 5

what did Trump do?
+consequence

Answer 5

-made goods imported from China more expensive, with tariffs on more than $360 billion
-China retaliated with tariffs on American goods
- said ‘‘global warming was created by and for the Chinese’’
-aided fossil fuel companies and reduced investment in renewable sources
-exited the paris agreement- 2017, only country who did

Question 6

what are the negatives of globalisation?

Answer 6

-loss of jobs as jobs are moved to developing countries
-pollution due to transport
-ability of wealthy to influence people negatively