Factors in globalisation Flashcards
1
Q
10 factors that have contributed to globalisation are
A
- Trade: role of WTO; more free trade; trading groups
- Migration: ideas and information spread via movement of people
- Containerisation: vast quantities can be shipped globally at low cost
- Travel: increased business and tourism travel
- Global marketing: rise in significance of global brands
- Capital/investment: increasing capital mobility
- TNCs: growth of TNCs through mergers and expansion
- Collapse of Communism: more countries develop market economies
- Transport: faster, cheaper transport by air, road and rail
- Communications: ICT/mobile phones Internet revolution
