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What is globalisation?
Increasing competition between national economies through the domestic production of goods, services, capital, labour and technology.
Increasing integration of governments into one political system through agreements covering taxation, elections, laws, defence and public services.
Increasing independence and self-sufficiency of national economies through restrictions on flows of goods, services, capital, labour and technology.
Increasing integration and interdependence of national economies into one world economy through flows of goods, services, capital, labour and technology.
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11.6.1 meaning of globalisation and its causes and consequences Flashcards
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.