factors contributing to increased gloabalisation

Question 1

what is trade liberalisation

Answer 1

removal of trade barriers

Question 2

what is a trade barrier

Answer 2

Anything that stops or resticts trade between countries

Question 3

how does political change effect globalisation

Answer 3

collapse of the soviet union opened up new trading opportunities
china was very committed to communism now has softer terms opening it up to trade

Question 4

how does transport effect globalisation

Answer 4

internet makes global market possible
fast travel makes easier for businesses
digital technology makes communication instant

Question 5

how does FDI effect globalisation

Answer 5

fdi can finance business employment and technology

Question 6

how does migration effect globalisation

Answer 6

workers move to where jobs are more available

it reduces labour shortages and minimises wage costs

Question 7

how does structural change effect globalisation

Answer 7

sectors of economy importance change over time

this has implications for the labour force as they need new skills