Th4.1: Factors Contributing to Globalisation

Question 1

What are the five factors contributing to globalisation?

Answer 1

improvements in transport infrastructure and operations
improvements in IT and communication
trade liberalisation and reduced protectionsm
international finance markets
TNCs

Question 2

Improvements in transport infrastructure and operations

Answer 2

have meant there are quick, reliable and cheap methods to allow production to be separated around the world

Question 3

Improvements in IT and communiation

Answer 3

allow companies to operate across the globe

Question 4

Trade liberalisation and reduced protectionsm

Answer 4

has made it cheaper and more feasible to trade - this has been occurring since 1945. the breakdown of the soviet bloc and opening of China has shown a whole area of the world for business to expand into

Question 5

International financial markets

Answer 5

have provided the ability to raise money and move money around the world, necessary for international trade

Question 6

TNCs (large companies operating around the world)

Answer 6

have led to globalisation by acting to increase their own profit as they want to take advantage of low labour costs. sell and produce their goods all around the world and have the power to lobby governments