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Assess the extent to which globalisation of trade can bring problems as well as benefits- (12), 4 points, 2 benefits + 2 Problems (+ intro). - correct answer Intro- Globalisation of trade is focused on trade liberalisation, removing trade barriers and free movement of goods between countries, with this mainly developed by WTO who are an IGO encouraging free trade, reduced tariffs, quaotas and restrictions, as well as trade blocs that have developed with the grouping up of countries further help...

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13 pages

Written in 2022/2023

Grade A+

brittton

Explain how changes in technology have speeded up the process of globalisation - correct answer - Decrease in cost to trade - Results in outsourcing and offshoring - Cheaper for consumers - Economies of scale - The race to the bottom - Development of e-tailer - Time space compression Explain how technology has contributed to the process of globalisation - correct answer - Global capitalism is spread by large TNC's - Cheaper labour costs in developing countries - Exchange of capital...

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5 pages

Written in 2022/2023

Grade A+

brittton

The Impact of Globalisation on Production Exam Questions and Answers Already Passed Globalisation - Answers Unrestricted movement of goods, services, and capital. Economic Globalisation - Answers Integration of economies through trade and investment. Ecological Globalisation - Answers Global environmental policies affecting production practices. Political Globalisation - Answers Influence of global political systems on nations. Cultural Globalisation - Answers Spread of cultural practices ...

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7 pages

Written in 2024/2025

Grade A+

TutorJosh

Explain one reason why many people in the developed world support the global shift of industry (4 marks) - correct answer business owners can outsource to asia as it's economically smart given lower wage costs resulting in an increased profit allowing the business to invest in new infrastructure Explain one reason why the global shift of industry has had negative impacts on some people in the developed world (4 marks) - correct answer Unemployment reduces local incomes meaning the governme...

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4 pages

Written in 2022/2023

Grade A+

brittton

Globalisation Exam Questions and Answers 2023-2024...

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16 pages

Written in 2022/2023

Grade A+

Boostertips

Assess the extent to which globalisation of trade can bring problems as well as benefits- (12), 4 points, 2 benefits + 2 Problems (+ intro). - Answer- Intro- Globalisation of trade is focused on trade liberalisation, removing trade barriers and free movement of goods between countries, with this mainly developed by WTO who are an IGO encouraging free trade, reduced tariffs, quaotas and restrictions, as well as trade blocs that have developed with the grouping up of countries further helping to r...

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13 pages

Written in 2022/2023

Grade A+

QUEENSEXAMS