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What is globalisation?
A
The replacement of national economies by one worldwide government and currency.
B
Government control of international trade through higher tariffs, quotas and capital restrictions.
C
Growing integration and interdependence of national economies through cross-border flows of goods, services, capital, labour and technology.
D
Growing separation and independence of national economies through domestic production and consumption.
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4.1.1 Globalisation Flashcards
27 flashcards on Edexcel A A Level Economics 4.1.1 Globalisation: the key terms, economic models and case studies you need to recall for Paper 1, Paper 2 and Paper 3.