Globalisation
- Created by: tanja soulsby
- Created on: 29-03-17 13:50
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- Globalisation
- Increase in how interconnected the world is
- Resulted in businesses operating in lots of countries across the world
- Can be based anywhere
- Can buy and sell from/to any country
- Access to the worldwide market means businesses can benefit from economies of scale
- Makes them more competitive
- Resulted in businesses operating in lots of countries across the world
- Allows businesses to make strategic decisions
- Where to get raw materials from
- Where to manufacture products (e.g. cheaper labour)
- Has increased in recent decades
- Internet
- Allows businesses to communicate between countries quickly and cheaply
- Allows jobs to be outsourced across the world
- Shift from a separate national finance market to a global finance market
- Easier to move money securely around the world
- Giant Cargo Ships
- Make it cheaper to transport goods around the world
- Cheap, fast air travel
- Goods and people can move round the world easily for work
- EU
- EU citizens can work in any EU country without restrictions
- Increased free trade
- Reduced tariffs often due to the WTO
- Various trade blocs (e.g. EU and APEC)
- Internet
- The number of global brands is increasing
- International broadcasting allows people to watch TV programmes from different countries
- Internet allows companies to market and sell products internationally
- Increase in how interconnected the world is
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