Globalisation
- Created by: Geraint Garcia
- Created on: 04-09-13 02:33
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- Globalisation
- Benefits
- Increase world output
- Increase consumer welfare
- State role is reduced
- Peace > War
- LR: Benefits for everyone
- Increased free trade
- Costs
- Inequalities
- Spread of Economic Shock
- Exploitation
- Poverty
- Job Losses
- Externalities
- Pollution
- Acid Rain
- Litter
- Great Pacific Garbage Patch
- CO2
- No Sustainability
- Environment Needed for the Economy
- Pollution
- Causes
- Cheaper transport costs particularly since 1980s
- Encouraging trade
- Multinational companies growing
- Promotes internationalisation
- Increased knowledge about different economies
- Helpred create demand for products not available before like phones and fast food
- Improved technology
- Communicatie factor increase knowledge
- Can be shared
- Hot money and capital can be shifted which influences more borrowing and lending
- Russia has now been open to liberal trade
- Push for trade blocks like EU, NAFTA etc.
- Cheaper transport costs particularly since 1980s
- What is Globalisation?
- Increasing integration of national economies.
- Benefits
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