Globalisation Flashcards
0
Q
A billion people live on less than ? a day
A
1$
1
Q
25 years ago, there were ? transnational companies, today, there are over ?
A
7000
65000
2
Q
Definition of globalisation
A
Globalisation refers to the growing economic interdependance of countries worldwide
3
Q
What is the GDP ?
A
Gross Domestic Product
The total market value of all goods and services produced in a country by national or foreign companies
4
Q
Tariffs ?
A
Taxes levied on goods and services imported from another country
5
Q
Quotas ?
A
On the country, quotas can limit trade : they consist in limiting the quantity of goods than can be imported into a country during a period of time
