Transport, Technology & Telecommunications Flashcards
What have been the improvements in transport that have assisted in facilitating globalisation?
the standardisation of shipping containers and more efficient port operations
What has been the effect of changes in transport on the level of trade?
improvement in GVCs -> growth in TNCs -> increase FDI from deregulation i.e become more globalised
How have technological improvements facilitated globalisation?
it allows financial flows around the world in a short amount of time facilitating the growth in the forex market and portfolio investment
What has been the effect of changes in technology on globalisation?
impact the way businesses operate
How have improvements in telecommunications facilitated globalisation?
international communications is cheaper and reliable for advocating commercial services to customers around the world. It has improved business access to global markets
What has been the effect of changes in telecommunications on globalisation?
creation of millions of jobs in emerging economies, increased globalisation
