Globalisation (Edexcel A-Level Economics A): Quizzes

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Globalisation
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What is globalisation?

Closer integration of world economies

Which type of FDI involves firms producing within a market to avoid export barriers?

Market-seeking FDI

What is one potential benefit of FDI for host countries?

Technology transfer and capital investment

How can FDI's positive impact on host countries be diluted?

Profits repatriated to foreign shareholders

Which technological advance has been crucial in driving globalisation?

Communication tech and the internet

What organisation replaced GATT to continue reducing trade barriers?

World Trade Organization (WTO)

What is deindustrialisation?

Shift from manufacturing to services

What coordinated action did central banks take in October 2008 during the financial crisis?

Reduced official bank rates together

What environmental concern is associated with increased globalisation and trade?

Increased greenhouse gas emissions

What does sustainable development mean according to the Brundtland Commission (1987)?

Meeting present needs without harming future

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