3.2.1.1. factors affecting globalisation

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  • Created by: teese
  • Created on: 01-06-22 13:49
What are financial systems?
A system that allows the exchange of funds between the market participants such as lenders and investors. They operate at national and global levels.
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Name 3 things that happened to make the financial system more global.
1) information technology e.g. the internet allowed investors to see if a company was doing well and decide whether to invest.
2) removement of barriers against capital coming into a country to make it easier for banks to buy and sell share globally.
3) f
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How do trade agreements allowed more globalisation through removing barriers to trade.
1) countries can enter into trade agreements which removes tariffs at borders, benefiting both countries.
2) the WTO enforces laws to stop countries enforcing unfair tariffs on another.
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Trade agreements between 2 countries are called B-------- t---- a---------
Bilateral trade agreements
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Trade agreements between multiple countries are called M----------- t---- a---------
Multilateral trade agreements
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How have transport and communication systems improved global business and led to more globalisation?
1) improved transportation e.g. faster planes and ships meant people and products can get around the world faster.
2) communication satellites launched in the 1960s allowed cheap wireless connection of devices across countries.
3) significant growth in so
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How have management and information systems increased companies' efficiency and led to more globalisation?
1) outsourcing to other companies and paying them to do the work makes labour cheaper.
2) companies' supply chains have become global e.g. a company's supplier may be in a different country to their factory .
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How have countries working to prevent security threats led to globalisation?
1) 2 countries can become interdependent through trade agreements which means a trade war is less likely.
2) by grouping together, common threats are reduced e.g. NATO.
3) globalisation can sometimes make conflict more likely e.g. developed countries int
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Other cards in this set

Card 2

Front

Name 3 things that happened to make the financial system more global.

Back

1) information technology e.g. the internet allowed investors to see if a company was doing well and decide whether to invest.
2) removement of barriers against capital coming into a country to make it easier for banks to buy and sell share globally.
3) f

Card 3

Front

How do trade agreements allowed more globalisation through removing barriers to trade.

Back

Preview of the front of card 3

Card 4

Front

Trade agreements between 2 countries are called B-------- t---- a---------

Back

Preview of the front of card 4

Card 5

Front

Trade agreements between multiple countries are called M----------- t---- a---------

Back

Preview of the front of card 5
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