Globalisation
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9 Terms
Globalisation
countries creating a global marketplace through trade, investment and technology
Causes of globalisation
ā¢ improvements in technology
ā¢ movement of people
ā¢ growth of MNCās
ā¢ free trade
Positive impacts of globalisation
ā¢ access to larger markets
ā¢ lower costs (economies of scale)
ā¢ cheaper labour and resources
ā¢ increased competition
ā¢ spread of best practises
Negative impacts of globalisation
ā¢ increased competition
ā¢ ethical issues
ā¢ more transport
ā¢ economic dependence
G7 (Group of Seven)
7 advanced economies that work together on global economic and political issues
Foreign Direct Investment (FDI)
when a company invests long-term in a foreign country
Horizontal FDI
same business abroad
Vertical FDI
supports supply chains
Conglomerate FDI
invests in unrelated industries
Note 
Flashcards (34)