Globalisation- EQ1: Causes and Acceleration

Question 1

Globalisation definition

Answer 1

Increasing integration of economies around the world, through global flows such as people, capital and goods

Question 2

What does globalisation lead to?

Answer 2

Global connection

Question 3

Transnational Corporations (TNCs)

Answer 3

Businesses whose operations are spread across the world, operating in many nations as both makers and sellers of goods

Question 4

4 reasons why globalisation has accelerated

Answer 4

-development in transport
-development in trade
-TNC activity
-improvements in communication and ICT

Question 5

How has development in transport accelerated globalisation?

Answer 5

-railway (19th century)
-jet air craft (20th century)
-containerisation (20th century)
-reduction in transport cost per unit
larger loads can be transported
-encouraged growth in trade as it’s cheaper and more efficient