Reasons for Increased Globalisation

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A-Level Business

Edexcel

Global Business

Kindergarten

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4 Terms

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What is trade liberalisation?

Removal/reduction of trade barriers

2
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What are the benefits of trade liberalisation?

  • Can obtain the cheapest supplies

  • Increase in market size

3
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What is a disadvantage of trade liberalisation?

Infant/domestic industries can’t compete with large MNCs

4
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What are the factors that lead to increased globalisation?

  • Political change

  • Migration

  • Structural change

  • Reduced cost of infrastructure

  • Increased FDIs

  • Increased significance of TNCs

  • Growth of global labour force