Chapter 1 Global Interdependence pg 1-10 factors

Question 1

Globalisation Def

Answer 1

process by which the world is becoming increasingly interconnected.

Question 2

What characterises globalisation?

Answer 2

growth in trade
international investment,
rapid movement of information and people around the globe.

Question 3

4 trends that have affected the relationship between trade and development since the start of the millennium

Answer 3

economic growth of developing countries.
Higher prices for agricultural goods+ natural resources.
growing integration of global production through supply chains.
increasing interdependence of the world economy,

Question 4

4 factors that drive competitiveness (IMD)

Answer 4

Economic performance
Government efficiency
Business efficiency
Infrastructure