Impact Of Globalisation On The Uk Flashcards
What is globalisation?
The world becoming interconnected through massive increase of trade and cultural change
Has globalisation been beneficial for countries?
It has increased production of goods and services
How are people themselves more global?
Through social networking tourism sport trade TNCs sharing cultures et cetera
How has globalisation increased through?
Free trade, foreign direct investment, TNCs and privatisation
How has free trade increased globalisation?
As trading in the EU can be done without tariffs providing an unrestricted market for 550 million people
How has foreign direct investment increased globalisation?
As it means you can invest in other companies anywhere in the world
How have TNCs increased globalisation?
As they are companies that sell in a range of countries like land rover and tetley
How has privatisation increased globalisation?
Because it involves transferring a business, industry, or service from public to private ownership and control.
