Globalisation (AQA A-Level Economics): Quizzes

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Globalisation
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What does globalisation refer to in economic terms?

Economies becoming interconnected

What does 'death of distance' mean in globalisation?

Geographical separation matters less

Which organisation encourages countries to reduce import tariffs?

World Trade Organization (WTO)

What are MNCs?

Firms operating across several countries

What term describes adapting global products to local tastes?

Glocalisation

What type of unemployment results from manufacturing relocating abroad?

Structural unemployment

According to dependency theory, what generally favours industrialised countries?

Terms of trade movements

Which factor has NOT encouraged overseas call centre location?

High local wages abroad

The Global North refers to which type of countries?

High-income developed nations

What replaced NAFTA in 2020?

USMCA

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