Th4.1: Globalisation Characteristics Flashcards
1
Q
What does globalisation refer to?
A
the growing interdependence of countries and the rapid rate of change it brings about
2
Q
What can it also be defined as?
A
the increasing integration of the world’s local, regional and national economies into a single market
3
Q
There is movement towards…
A
free trade of goods and services
4
Q
There is free movement of…
A
labour
5
Q
There is free interchange of…
A
technology and intellectual capital
