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What is globalisation?

A

Increasing competition between national economies through the domestic production of goods, services, capital, labour and technology.

B

Increasing integration of governments into one political system through agreements covering taxation, elections, laws, defence and public services.

C

Increasing independence and self-sufficiency of national economies through restrictions on flows of goods, services, capital, labour and technology.

D

Increasing integration and interdependence of national economies into one world economy through flows of goods, services, capital, labour and technology.

Card 1 of 24

11.6.1 meaning of globalisation and its causes and consequences Flashcards

  1. Intl A Level
  2. /Economics
  3. /11.6.1 meaning of globalisation and its causes and consequences

24 flashcards on CIE Intl A Level Economics 11.6.1 meaning of globalisation and its causes and consequences: the key terms and definitions you need to recall.

Flashcards