7.1 Globalisation

1. The exchange of capital, goods and services across international borders. Inbound trade is defined as imports and outbound trade as exports (13, 5)
4. A system of standardised transport that uses containers to transport goods. (16)
5. A tax or duty placed on imported goods with the intention of making them more expensive to consumers so that they do not sell at lower price than home-based goods (7)
6. An acronym to identify a group of four countries whose economies have advanced rapidly since the 1990’s (sometimes South Africa is added to this list making in 5) (4)
7. An acronym referring to the more recently emerging economies (4)
8. A manufacturing operation (plant or factory) located in free trade zones in Mexico, usually near the US-Mexico boarder. (11)
9. National economies, societies and cultures have become increasingly integrated through the global network of trade, communication, transportation and immigration (13)

2. A policy by governments to impose restrictions on trade in goods and services with other countries (13)
3. The movement of money for the purpose of investment, trade or to produce goods/ services. (7, 5)
10. Refers to a loss of income from an economic system. It most usually refers to the profits sent back to their base country by transnational corporations (7)

Get Revising