Globalisation

Question 1

Definition

Answer 1

The current economic situation where the exchanges and connections between countries have riched a maximum level

Question 2

Factors of globalization

Answer 2

1. The improvement of transport
2. The progress of communication
3. The role of international organisations
4. The expansion of capitalist system
5. The role of multinational

Question 3

The improvment of transport facts

Answer 3

Increase the transportation

Question 4

The progress of communication facts

Answer 4

Facilitates companies to communicate and transfer information

Question 5

Outsourcing def

Answer 5

Multinationals locate industries in less developed countries where the labour is cheaper

Question 6

The role of international organisations facts

Answer 6

Promote free trade
EU, WTO

Question 7

Positive consequences

Answer 7

1. Global market bigger
2. The exchange easier
3. Production in a worldwide escale
4. Economies of scale
5. Multional increase profits

Question 8

Economies of scale def

Answer 8

Comoanies that increase their size and because of that the cost per unit is less

Question 9

Negative companies

Answer 9

1. Poor countries
2. Loss of jobs
3. Small companies difficulties
4. Goverments infliences in their political and economic decisions
5. Acumulation of wealth by few people
6. Poor countries become poorer
7. Enviromental problems