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EQ1: What causes globalisation, and why has it accelerated in recent decades? MatchUp
Target Level
C
Running Total
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Attempt
1 of 3
Drag each of the top boxes to match up the question with the correct answer. You must match all the pairs before clicking ‘Check’.
To create a single market where goods, capital and people can move freely between nation states.
A company which operates in more than one country.
When a company moves some of its operations to another country because labour is cheaper or contracts another company to complete some of its activities to reduce costs.
To reduce tariffs, increase quotas and resolve disputes.
This is due to development of quicker transport and communication.
Doing so means companies are in competition with other companies as the costs of imports and exports are reduced and quotas are less of a barrier to foreign companies.
Companies which receive government money can continue to trade globally even though they may not be financially viable.
Previously government-owned industries may be bought and sold by TNCs and owned by members of the public all over the world through shares.
To stabilise the world economy through bailouts or loans to support currencies and countries.
Define a TNC.
Explain why we live in a 'shrinking' world.
Explain the term 'outsourcing'.
Explain the role of the World Trade Organization in the process of globalisation.
Explain the role of the IMF in the process of globalisation.
Explain the aims of the European Union.
Explain how government subsidies can increase globalisation.
Explain how privatisation may accelerate globalisation.
Explain why governments may be hesitant of joining trade blocs.