Globalisation

  • Created by: Iz6379
  • Created on: 27-05-19 14:51
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  • Globalisation
    • The process by which the world is becoming increasingly inter-connected as a result of largely increased trade and different cultures
    • Advantages
      • New jobs and skills for locals
      • Bring wealth and foreign currency
      • Extra money can be spent on hospitals and education
      • Sharing ideas- different experiences
        • Foods
        • Lifestyles
      • Creates awarness
        • Untitled
    • Disadvantages
      • LEDC's  have one job-provide the North and West with cheap labour and raw materials
      • No guarantee that investing will help community
      • Large companies put local companies out of business
      • Threat to world's cultural diversity
    • Reasons
      • Improvements in trans-portation
      • Freedom of trade
      • Improvement in communication
      • Work and skills avaliable

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