Globalisation Flashcards
For:
Increased liquidity of capital allows investors in developed countries to invest in developing countries.
Increased flow of communications allows information to be shared between individuals and corporations around the world.
For: Promotes cultural cohesion and strengthens cultural bonds between distant communities.
Makes the nations more homogenous which promotes equality of opportunity.
Ties the world together
Against:
Destroys local economies and small businesses.
Spreads a materialistic attitude thar considers consumption as a path to prosperity.
The greater risk of diseases which are transferred unintentionally between nations.
Global village
Free trade❤️
Foreign policy
Business ethics
Economic justice
International trade
Cross border trade
International coorporation
Cash
Iiquidity
Free market
Global trend
Foreign trade
International transaction