Globalisation - Advantages & Disadvantages - Chapter 16

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  • Created by: sammilaw
  • Created on: 23-02-16 18:16
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  • Globalisation
    • Chapter 16
    • Advantages:
      • Improving efficiency
      • Increased competitiveness
      • Improves standard of living and spread of wealth
      • Better relations between countries
      • Improves spread of wealth
      • Innovation and R&D
    • Disadvantages:
      • Deindustrialisation
        • Due to comparative or absolute advantage
      • Environmental damage i.e. pollution
      • Exploitation
      • Growth suggests that more of the environment's resources are used up
      • Loss of jobs if labour is cheaper elsewhere
      • Losing out to other countries and being put out of business
        • i.e. China now produce roughly half of the world's supply of apples instead of Winchester, VA.


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