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What is globalisation?
The increasing regulation and nationalisation of the world's economies through taxation, public ownership, price controls and state planning.
The increasing independence and self-sufficiency of the world's economies through domestic production, protectionism, capital controls and migration limits.
The increasing integration and interdependence of the world's economies through trade, investment, capital and labour flows.
The increasing specialisation and productivity of the world's economies through education, innovation, competition and economies of scale.
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2.6.1 Globalisation Flashcards
22 flashcards on AQA A Level Economics 2.6.1 Globalisation: the key terms, economic models and case studies you need to recall for Paper 1, Paper 2 and Paper 3.