What caused globalisation? Flashcards
1
Q
Definition of globalisation
A
the integration of economies, industries, markets and cultures around the word through the global network of trade, communication, immigrants and transport
2
Q
TNCs impact
A
they invest abroad through FDI and build links between manufacturers and consumers
3
Q
Lower transport cost impact
A
railways and steamships and motorcar and aviation are reliable and affordable
4
Q
The communication revolution impact
A
mobile phones and social media have increased inter connectivity
5
Q
international organisations impact
A
the global economy has rules and references
eg WTO IMF and the world bank
