Theme 4 part 2 Flashcards
Factors Contributing to Increased Globalisation -Increased investment flows (FDI)
Factors Contributing to Increased Globalisation -Migration (within and between economies)
Factors Contributing to Increased Globalisation -Growth of the global labour force
Factors Contributing to Increased Globalisation -Structural change
Expansion of trading blocs: Benefit – increased demand
Expansion of trading blocs:Benefit – lower costs of sales
Expansion of trading blocs:Drawback
Factors that prompt trade analysis – push factors: Saturated market
Factors that prompt trade analysis – push factors: Increased competition
Factors that prompt trade analysis – pull factors: Risk spreading
Factors that prompt trade analysis – pull factors: However
Factors that prompt trade analysis – pull factors: Economies of scale (however)
Offshoring leading to international trade – differentiation
Offshoring leading to international trade – lower unit costs
Offshoring leading to international trade – lower unit costs..however
Outsourcing leading to international trade – differentiation
Outsourcing leading to international trade – lower unit costs
Outsourcing leading to international trade – lower unit costs however
Correction to the image: More defective goods
Factors Contributing to Increased Globalisation - analysis
Reduction of international trade barriers/trade liberalisation
Factors Contributing to Increased Globalisation - analysis
Political change
Factors Contributing to Increased Globalisation Reduced cost of transport (containerisation)
Factors Contributing to Increased Globalisation Reduced cost of communication
Factors Contributing to Increased Globalisation Increased significance of global (transnational) companies
