What are the major force increasing globalization in recent decades?
gloabalisation
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gloablisation is.....
is the shift towards a more integrated and interdependent world economy
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what is economic integration
agreement between countries to reduce and ultimately remove, tariff and non tariff barriers to the free flow of goods or services
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what are the 2 components of globalisation?
1. markets e.g. growing pressures from customers 2. productions (e.g. liberalisation of cross-border trade & standardized production line
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what is globalisation driven by?
driven by declining trade and investment barriers and technological change
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drivers of globalisation
1. the decline in barriers to the free flow of goods, services 2.particularly the dramatic developments in recent decades in communication, information processing, and transportation tech
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pros of gloabilisation (4)
1.broadens access to goods and services 2. increased jobs 3.increased cuktural awareness 4. info, tech , communication
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cons of globalisation (1)
1. low-skill jobs in the u.s could go because of tech/ globalisation
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cons of globalisation (1)
low labour and human rights - race to the bottom” in which companies actively seek the countries with the weakest labor and environmental protections and the lowest wage
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cons of globailisation (1)
may lose differences in culture
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Other cards in this set
Card 2
Front
gloablisation is.....
Back
is the shift towards a more integrated and interdependent world economy
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