Globalisation - Green Book Flashcards
1
Q
Define Globalisation from an Economic Perspective.
A
The integration of the worlds economies into a single international market.
2
Q
What are the causes o Globalisation?
A
- Trade in Goods
- Trade in Services
- Trade Liberalisation
- Multinational Companies
3
Q
Causes of Globalisation - Trade in Goods.
A
For developed countries lots of products are being manufactured abroad, because developing countries are acquiring capital equipment and the know-how to produce manufactured goods.
