RATED CORRECT 500 REAL EXAM QUESTIONS AND ANSWERS
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The process of countries becoming more connected. It is the process of the world's economies,
political systems and cultures becoming more strongly connected to each other -
(answer)globalisation
Caused by the movement of info, capital, products, services and labour between different
countries - (answer)cause of globalisation
The process of promoting and selling products or services - (answer)marketing
Involves treating the world as one single market and using one marketing strategy to advertise a
product to customers all over the world. It can create global brand awareness - (answer)global
marketing
Information can be spread across the world quickly and easily. The development and rapid
spread of email, the internet, and social media means that large amounts of info can be
exchanged instantly across the globe. This allows communication - (answer)factors promoting
globalisation- flows of information
Over time, the amount of foreign direct investment (fdi) has increased. Improvements in ict have
encouraged flows of capital globally - (answer)factors promoting globalisation- flows of capital
Money that is invested - (answer)capital
Fdi rose from $400 billion in 1996 to nearly $1500 billion in 2016 - (answer)flows of capital
example
,Historically, manufacturing industries were located in more developed countries. In recent
decades, manufacturing has decreased in more developed countries. Lower labour costs have
caused companies to relocate production abroad. As a result of these changes, international trade
has increased. - (answer)factors promoting globalisation- flows of products
The number of people employed in manufacturing industries in the uk fell from more than 5
million in 1985 to around 2.6 million in 2014 - (answer)flows of products example
Improvements to ict means services can locate anywhere. Services can be split into high
(developed countries) and low levels. Companies are increasingly relocating to low level
services (labour=cheaper) - (answer)factors promoting globalisation- flows of services
During 1970s and 80s there was deregulation and opening up of national financial markets to the
world - (answer)flows of services example
More people move overseas, either because they have to, or for work - (answer)factors
promoting globalisation- flows of labour
Globalisation allows countries to pool their resources to solve global issues that are too great for
a single country to deal with. Greater integration of info gives better understanding of cultures -
(answer)benefits of globalisation- integration
As countries become more interconnected, they become more dependant on one another. This
discourages any actions that would upset global stability - (answer)benefits of globalisation-
stability
Foreign investment brings capital into a country, which can be used, which can be used to
improve education and infrastructure. This in turn can attract further trade and investment -
(answer)benefits of globalisation- development
Greater access to money and products improves people's standard of living - (answer)benefits of
globalisation- economic growth
,As companies move low skilled jobs to less developed countries, low skilled jobs to less
developed countries find it more difficult to earn money- creating a greater divide between rich
and poor - (answer)negatives of globalisation- inequalities
Developed countries have intervened in conflicts in order to secure access to natural resources
like oil - (answer)negatives of globalisation- conflict
Improved transport and communications systems have made human trafficking easier -
(answer)negatives of globalisation- injustice
More pollution due to increased transportation. Access to resources from around the world
causes deforestation and overfishing. The abundance of cheap products around the world means
people can afford to be more wasteful, creating lots of landfill - (answer)negatives of
globalisation- harmful to the environment
Include ways of working, procedures and methods of organisation that allow a particular
function to be carried out. Since the 1940s , many new systems have been introduced to make it
easier for flows of info, capital, products, services and labour to cross national boundaries -
(answer)factors affecting globalisation- systems
Used for info, communications and transport has advanced rapidly - (answer)factors affecting
globalisation- technology
Before ww2, most relationships between countries involved one country losing and another
gaining. Now, relationships are based on trade and common rules- allowing everyone involved to
gain - (answer)factors affecting globalisation- relationships
Governs the flows of capital between countries. Based on companies called investment banks.
These help companies raise capital by selling shares on behalf of those companies. -
(answer)financial systems
, Allowed investigators greater access to info - (answer)information technology
Investment banks created new financial products that made investment less risky - (answer)new
financial procedures
Governments undertook financial regulation, where they relaxed rules about what banks are
allowed to do - (answer)governments and financial deregulation
-govern the flows of products between countries and remove barriers to trade.
-trade is primarily regulated by countries' governments, who control which products they let into
the country and at what price.
-to make it cheaper, countries can enter into a trade agreement. It benefits both countries'
customers and consumers
-the global trade system is governed by wto. It sets rules on how countries can trade with each
other, whilst also acting as a forum for countries to negotiate trade deals with each other and
settle trade disputes. - (answer)trade agreements
- improved transportation systems have allowed people and products to get to places around the
world more easily than ever before.
-shipping containers were introduced in the 1950s-> this allowed more goods to be loaded onto
ships at once and transferred straight onto other forms of transport-> can be moved quickly and
cheaply - (answer)transports and communications
-new ways of working have made companies more efficient
- companies' supply chains have become global. This allows companies to minimise coasts
-large companies can benefit from economies of scale. They can reduce the average cost making
each item by purchasing specialised equipment and using production lines. They may also be
able to buy in bulk. This gives large companies an advantage over small companies. -
(answer)management and information systems