Political and economic decisions: acceleration of globalisation (Edexcel A-Level Geography): Quizzes

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Political and economic decisions: acceleration of globalisation
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What does the IMF encourage developing countries to accept to promote globalisation?

FDI and open up to free trade

How much did the World Bank distribute in loans and grants?

$64 billion

Where is the World Trade Organization based?

Switzerland

How many countries are in the EU trade bloc?

28 countries

How many countries form the ASEAN agreement?

10 SE Asian countries

What benefit results from enlarged markets when internal tariffs are removed?

Lower manufacturing costs per unit

What is offshoring as a type of FDI?

TNCs building facilities in low-wage areas

What are foreign mergers in FDI?

Two firms in different countries joining

What does free market liberalisation theory suggest about wealth?

Trickle down occurs from rich to poor

What tax benefit do SEZs provide to businesses?

Exemption from taxes

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