Globalisation
- Created by: Charlie Davies
- Created on: 21-05-14 10:31
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- Globalisation
- the increased inter-connection in the worlds economic,cultural and political systems
- Positives
- allowed movement of people more easily
- Increased foreign trade
- more access to food,services,healthcare etc. all over the world
- Negatives
- uncontrolled migration
- inequality in wealth
- loss of countries individual cutures
- began in 19thC as there was the beginning of movement of people and goods
- increase in independence
- Increase in trade and spread of industry
- Beginning of TNCs
- Globalisation continued in the 20thC and was shaped by a number of factors
- Emergence of free markets (capitalist economy)
- Deregulation of world financial markets
- establishment of the general agreements of tariffs and trade
- emergence of trade blocks
- establishment of IMF and the World Bank
- Development of global marketing and the continuing rise of tncs
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