Factors Contributing to Increased Globalisation (Edexcel A-Level Business): Quizzes
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10 questions from this quiz
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Practise the questions
10 questions from this quiz
What does globalisation refer to?
What does globalisation refer to?
Growing integration of world's economies
Which function does the WTO perform?
Which function does the WTO perform?
Persuading countries to abolish tariffs
How much did containerisation reduce loading costs per tonne?
How much did containerisation reduce loading costs per tonne?
From 0.16 (over 97% reduction)
When did the Soviet Union collapse, opening economies to trade?
When did the Soviet Union collapse, opening economies to trade?
1991
What proportion of global exports do MNCs represent?
What proportion of global exports do MNCs represent?
Approximately two-thirds
What minimum shareholding qualifies as FDI in a foreign business?
What minimum shareholding qualifies as FDI in a foreign business?
10% or more
How did the global labour force grow from 1980 to 2010?
How did the global labour force grow from 1980 to 2010?
From 1.7 billion to 2.9 billion workers
What was UK net migration in 2013/14?
What was UK net migration in 2013/14?
297,000 people
When did China's economic transformation begin?
When did China's economic transformation begin?
1970s after Chairman Mao's death in 1976
Why do service industries facilitate globalisation?
Why do service industries facilitate globalisation?
They're export-oriented & need less capital