Globalisation

Question 1

Trade and globalisation

Answer 1

• companies have become multinational cooperations
• it is now easier to move goods and services
• recognition of brands in third world countries such as mcdonalds and Starbucks
• increase international trade

Question 2

Trade: 2 points

Answer 2

1. improvements in transportation
   large cargo ships have decreased transport prices
2. freedom of trade
   WTO promotes free trade between countries. also helps remove barriers

Question 3

Globalisation and travel

Answer 3

air transport, quickly travel
cost decreased
tourism generates money for economy

impact:
- terroism
- safety and secruity
- ease of travel
- migration
- povety
- tourism

Question 4

globalisation and technology

Answer 4

• Internet allows instant communication, family and buisness

- social media

Question 5

technology and g: space time compression

Answer 5

is the increasing sense of connectivity that brings people together even though the distance remains the same.

Question 6

technology and g: electronic economy

Answer 6

refers to businesses that are conducted through markets whose infrastructure is based around the internet

Question 7

technology and g: growth of TNC’S

Answer 7

transnational corporations

any corporation that operates at the same time in numerous countries