globalisation Flashcards
1
Q
define gross world product
A
the combined gross domestic product of all the countries in the world
2
Q
define globalisation
A
when businesses or other organisations start operating on an international scale
3
Q
what measures show the increasing levels of international economic integration
A
the percentage of global trade to gross world product, increasing from 26% in 1970 to 60% now
4
Q
what factors have allowed for increasing globalisation
A
transportation, liberalisation of trade and the internet
