How do political and economic decision makers accelerate globalisation?

Question 1

Lowering trade barriers (e.g. tariffs, quotas)

Answer 1

Can increas the amount of trade in that country, can encourage TNC’s to set up there

Question 2

Implementing free trade agreements

Answer 2

Free trade can help lower income countries who may not have the expenses to begin trading their goods farmed from the primary sector in theri country. e.g fiartrade

Question 3

Encouraging foreign investment through tax incentives and relaxed regulations

Question 4

Promoting entrepreneurship and small business development

Answer 4

Special economic zones in china

Question 5

Improving infrastructure (e.g. transportation, communication)

Answer 5

This can lead to more transport links, allowing for more flows of people in urban areas. Better infrastructure leads to more job opportunites e.g construction or office jobs

Question 6

Promoting cultural exchange and understanding.

Answer 6

Promoting cultural exchange can lead to less cultural degredation and less cultural prositiution for profit, can lead to a wider understanding.

Question 7

Encouraging transparency and accountability in government

Answer 7

Reduced corruptness in governemnt so that country is more equal

Question 8

Fostering good relations with other countries

Answer 8

THis can lead to beter rtade links and potentially more investments