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Globalisation

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edwinesosa's version from 2015-06-14 09:34

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Causes of globalisation and evaluationimprovements in transport (costs) - however very dependent on oil prices+ lowering of trade barriers - however protectionism in tough times + advancements in communication eg internet and e commerce (reduces disEOS) trading bloc growth + rising incomes in LEDCs (imports) +increased importance of MNCs
benefits of globalisationrising world output through comparative advantage + more choice and lower prices + EOS
costs of globalisationexploitation of labour + harm domestic markets + environment +MNCs avoiding tax + X or M overdependence + inequality
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