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IBUS2302 > Lecture 3: Globalisation: Causes & Effects > Flashcards

Lecture 3: Globalisation: Causes & Effects Flashcards

1
Q

What are the principle drivers of globalisation?

A
  • Business liberalisation

- Advances in technology

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2
Q

Business Liberalisation

A
  • Governments have reduced their role in the economy

- Reductions in tariffs, FDI restrictions, trade protection

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3
Q

Advances in technology

A

Increase of information technology and transport

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4
Q

Globalisation Costs

A

Macro level

Individual Level/Firms/Industries

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IBUS2302 (10 decks)

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