Factors Contributing to Increased Globalisation (Edexcel A-Level Business): Flashcards

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Factors Contributing to Increased Globalisation
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Globalisation

Growing integration of world's economies

Tariffs

Taxes on imported goods

Quotas

Limits on quantities of goods that can be imported

WTO's main role

Promotes free trade, persuades countries to remove barriers

Soviet Union collapse year

1991

Containerisation loading cost reduction per tonne

5.83to5.83 to 0.16

MNCs (Multinational companies)

Companies owning/controlling facilities outside home country

MNCs' share of global exports

Two-thirds

FDI (Foreign Direct Investment)

Investment in foreign country or buying 10%+ shares

Global labour force growth 1980-2010

1.7 billion to 2.9 billion

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