Globalisation

Question 1

What is globalisation?

Answer 1

Increased integration of different economies

Question 2

What are the 5 effects/characteristics of globalisation?

Answer 2

-Increased international movement of labour

-Increased international movement of financial capital (FDI)

-Increase in specialisation

-Increased international trade

-Increase in trade-to-GDP ratios

Question 3

What does FDI and give its defintion

Answer 3

Foreign direct investment
-When an investment is made by a firm in one country into a firm in another country to gain control over the foreign firm

Question 4

Globalisations has led to the increase in what type of corporations?

Answer 4

Transnational Corporations