Theme 4 so far Flashcards
Drawback of a recession line of analysis
However – long term potential benefit of a recession…
However – spread risk can reduce the impact of a recession…
Positive impact of a boom
Negative impact of a boom
The effect of economic uncertainty on the business environment
Emerging Economies - opportunity for UK businesses
However, the drawback of emerging economies (industrialisation)
However, the cost of targeting emerging economies
Benefit - Exports
Drawback - Exports
Benefit - Imports
Drawback - Imports
Benefit of when a country specialises in an industry
However a drawback of When a country specialises in an industry
Benefit of FDI Increased Productivity
Benefit of FDI Increased domestic demand
Drawback of FDI - Increased competition
Drawback of FDI– Increased cost
Tariffs – benefit for domestic businesses
Tariffs – increased FDI
Drawback of Tariffs - Inflation
Drawback of Tariffs – reduced exports
Imports Quotas – benefit
Imports Quotas – drawback – inflation
Subsidies - benefit
Government Legislation as a protectionist policy - drawback
Subsidies – drawback
Factors leading to increased globalisation
Migration
increased FDI
political change
trade liberalisation
containerisation
reduced cost of communication
growth of MNC’s
growth of global labour force
structural change