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Economics A Level (DONEEEEEEE)

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Pregunta:

What are the Causes of Globalisation (There are a lot..)

Autor: eric_galvao



Respuesta:

-Trade Liberalisation: Removal/Reducing Tariffs and other Restrictions on International Trade -WTO introducing Global Product Standards - Confidence -Reduction in Real Cost & Time in Transporting Goods making it Cheaper to Import and Export (Container Ships) -Improvements in Communication Technology -TNCs being Profit Motivated. FDI influxes around the Globe -Firms Expanding to Exploit Econ of Scale -Bigger Number of TNC, as well as their Influence and Significance. Greater International Investment and Trade -Governments wanting the Benefits of Greater Trade -Opening of New Markets to Trade and Invest (Post USSR) -Growth in International Trade Blocs -Increasing Investment by Sovereign States (Norway) -More International Specialisation


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