Internationalisation and Globalisation (LC 2027) (Leaving Cert Business): Quizzes

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Internationalisation and Globalisation
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What does globalisation refer to?

Growing interdependence of world economies

What is an example of interdependence mentioned?

Ireland's dependence on OPEC for oil

Which factor has encouraged globalisation?

Improved transport and lower costs

How does globalisation benefit businesses?

Economies of scale from larger markets

What benefit do consumers gain from globalisation?

Lower prices due to competition

What negative social impact can globalisation cause?

Gap between rich and poor has widened

How has technology aided globalisation?

Video-conferencing enables remote working

What percentage of GDP do Ireland's FDI stocks represent?

254%

What is Ireland's corporation tax rate?

12.5%

What does IDA Ireland do?

Attracts and develops FDI in Ireland

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