Factors Contributing to Increased Globalisation (Edexcel A-Level Business): Flashcards
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Globalisation
Globalisation
Growing integration of world's economies
Tariffs
Tariffs
Taxes on imported goods
Quotas
Quotas
Limits on quantities of goods that can be imported
WTO's main role
WTO's main role
Promotes free trade, persuades countries to remove barriers
Soviet Union collapse year
Soviet Union collapse year
1991
Containerisation loading cost reduction per tonne
Containerisation loading cost reduction per tonne
0.16
MNCs (Multinational companies)
MNCs (Multinational companies)
Companies owning/controlling facilities outside home country
MNCs' share of global exports
MNCs' share of global exports
Two-thirds
FDI (Foreign Direct Investment)
FDI (Foreign Direct Investment)
Investment in foreign country or buying 10%+ shares
Global labour force growth 1980-2010
Global labour force growth 1980-2010
1.7 billion to 2.9 billion
