4.1
GLOBALISATION
CHARACTERISTICS
Globalisation
the growing interdependence of countries and the rapid rate of change that
this brings about
increasing integration of the worlds local, national and regional economies into
a single international market
Characteristics:
Increased international movement of financial capital
expansion of financial capital flows across international borders
more global brands arising from emerging economy
Increased specialisation
Increase international trade
new global supply chains
new trade and investment routes
increased geographic dispersion of industrial and service activities
Increased international movement of labour
increased connectivity of people and businesses
FACTORS CONTRIBUTING TO GLOBALISATION IN
LAST 50 YEARS
IMPROVEMENTS TO TRANSPORT INFRASTRUCTURE
allows for quicker, cheaper, more reliable methods to allow production to be
separated all over the world
4.1 1
GLOBALISATION
CHARACTERISTICS
Globalisation
the growing interdependence of countries and the rapid rate of change that
this brings about
increasing integration of the worlds local, national and regional economies into
a single international market
Characteristics:
Increased international movement of financial capital
expansion of financial capital flows across international borders
more global brands arising from emerging economy
Increased specialisation
Increase international trade
new global supply chains
new trade and investment routes
increased geographic dispersion of industrial and service activities
Increased international movement of labour
increased connectivity of people and businesses
FACTORS CONTRIBUTING TO GLOBALISATION IN
LAST 50 YEARS
IMPROVEMENTS TO TRANSPORT INFRASTRUCTURE
allows for quicker, cheaper, more reliable methods to allow production to be
separated all over the world
4.1 1
