Globalisation

What is globalisation?

• process through which transportation becomes more efficient

• process through which ideas and activities in different parts of the world become interconnected

• process through which people are able to travel to different parts of the world

• process through which companies are able to dominate different markets

Which of the following is not a driving force of Globalisation

• Free trade

• Growth of MNCs

• Advancement in Technology

• Developments in Transportation

What does MNCs stand for?

• Mega National Corporations

• Multiple Nations Companies

• Multinational Corporations

• Multinational Companies

What are MNCs?

• businesses that are well known

• businesses which are supported by their governments

• businesses with economic activities in one country

• businesses with economic activities in more than one country

What is economic growth

• increase in the market value of the goods and services produced by a country over time

• decrease in the market value of the goods and services produced by a country over time

• No change in the market value of the goods and services produced by a country over time

• increase in the value of stocks of the largest companies in the country

What are Free Trade Agreements?

• No tax on goods moving between 2 countries

• Agreement to allow all goods to move freely between 2 countries

• Agreement to allow trade between 2 countries

• treaties which make trade and investment between 2 or more countries easier

What is Foreign Direct Investment

• is an investment made by a firm or individual in one country into business interests located in another country

• is an investment made by a firm or individual in one country into business interests located within their country

• is an investment made by a firm or individual in one country into a sports team of another country

• Platform where people can invest directly in other countries

What is an economic downturn

• collapse of the stock market

• increase in economic activity over a sustained period of time

• slowdown in economic activity over a sustained period of time

• no change in economic activity over a sustained period of time

One positive outcome for MNCs from globalization is higher

What are SMES?

• small and mobile enterprises

• Special Manufacturing enterprises

• small and medium enterprises

• small and medium entities