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What two main opportunities does globalisation give a less developed country?
A
- Regular wages and services improve welfare.
- Long hours, unsafe workplaces and migration harm welfare.
B
It exceeds nearby farming or informal-work wages but is far below the pay for similar work in richer countries.
C
- Access to larger overseas markets.
- Access to foreign investment.
D
Food and fuel already take a large share of household spending.
Card 1 of 25
4.4.4 Globalisation in less developed countries Flashcards
25 flashcards on OCR GCSE Economics 4.4.4 Globalisation in less developed countries: the key terms, formulae and calculations you need to recall for Component 01 and Component 02.