Globalisation

Question 1

What is globalisation?

Answer 1

The growing interrogation of the world’s economies.

Question 2

Features of globalisation

Answer 2

• goods and services are traded freely across borders.
• people are free to live and work in any country they choose.
• there is a high level of interdependence between nations.
• capital can flow freely between countries.
• there is a free technology and intellectual property across borders.

Question 3

Reasons for globalisation

Answer 3

~developed in technology have helped globalisation to gather pace.
~international transport systems have improved that way.
~increase in tourism has helped globalisation to thrive.
~may firms want sell abroad,because domestic markets have become saturated.

Question 4

How is the government involved in globalisation?

Answer 4

They aid globalisation by relaxing laws and regulations that prevent, restrict or complicate trade and business.

Question 5

Threats to globalisation

Answer 5

+competition
+international takeovers(larger no. of predators)
+increased by risk of external stocks(an economy is likely to effect the others)