GLOBALIZATION Flashcards

1
Q

WAHT IS THE DEFINITION OF GLOBALIZATION

A

globalisation is the connection of different parts of the world resulting in the movement and the integration of goods and people among countries

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2
Q

name two ways that businesses increase profits through globalisation

A
  1. producing in countries where the cost of labour is low

2. selling goods and offering services to other countries

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3
Q

list 3 cons of globalisation

A
  1. exploitation of workers in countries where workers are not protected
  2. environmental damage
  3. the spread of disease through movement of people
  4. consumerism is encouraged in all countries
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