Reasons for Increased Globalisation
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Last updated 12:14 PM on 3/21/25
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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
