Geography A Level Globalization Edexcel
Geography A Level Globalization Edexcel Tariffs Taxes that are paid when importing or exporting goods and services between countries. Free market liberalization Deregulation of the market. Privatization The privatization of national services and infrastructure. Encouraging business start ups Methods include lowering business taxes or lengthening hours for trading. Outsourcing Where TNCs contract another company to produce the goods and services for them. Glocalization Changing designs of products to meet local tastes or laws. "Switched off" Somewhere that appears to be immune to globalization for physical, social, political or economic reasons. Globalization Term used to describe the variety of ways in which people and countries are increasingly connected by. Special economic zone (sez) designated areas in countries with special economic regulations that differ from other areas in the same country. Capital wealth in the form of money or other assets Commodities Valuable raw materials Emerging economies A country experiencing high rates of economic growth Spatial division of labour The allocation of work according to the skill level and development of a country Transnational corporations
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