Globalisation

Question	Answer
Define the term 'globalisation'.	Increasing connections between places around the world
Give 3 causes of globalisation.	Freedom of trade Availability and upskilling of labour Communication and transport improvements
What part has the World Trade Organisation played in the growth of globalisation?	Encouraged countries to remove trade barriers (e.g. tariffs and quotas) which allows goods, services and money to move freely around the world
Give an example of a company which has benefited from globalisation.	Lee Cooper 8 countries to manufacture jeans (including Italy, Benin, Hungary and Tunisia)
What are the positive consequences of globalisation of world trade? (Hint: there are 5 points)	Availability of a wider range of goods Rapid development AND jobs (LEDCs) Increased profit for MNCs (provide jobs) - Lower unemployment - Higher tax revenue - More spent in economy Increased awareness of global issues Exposure to more culture
What are the negative consequences of globalisation of world trade? (Hint: there are 5 points)	Adverse affect on local economies Adverse environmental impact MNCs have too much influence Exploitation of workers Exploitation of countries and resources (without sharing profit or upskilling) Loss of individual culture Job losses in MEDCs
What is meant by the term 'coca-colonisation'?	The idea that American MNCs are threatening the languages, cultures, economies and religions of other countries by their domination

Resource summary

	Created by Jess Molyneux over 8 years ago