Globalisation Flashcards

1
Q

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.

A

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

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2
Q

Against:
Destroys local economies and small businesses.

Spreads a materialistic attitude thar considers consumption as a path to prosperity.

A

The greater risk of diseases which are transferred unintentionally between nations.

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3
Q

Global village

Free trade❤️

A

Foreign policy

Business ethics

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4
Q

Economic justice

International trade

A

Cross border trade

International coorporation

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5
Q

Cash

A

Iiquidity

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6
Q

Free market

Global trend

A

Foreign trade

International transaction

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