The Impacts and Causes of Globalisation

What are the factors that drive global business development?

• Financial growth opportunities and/or loss minimisation

• Global spread of skills and technology

• Consumer purchasing or spending patterns

• World Trade Organisation and sanctions

• Deregulation of the financial market

What are the factors that impact globalisation?

• Tax minimisation - tax havens and transfer pricing

• Global spread of skills and technology

• Employment levels in developing and developed countries

• International cooperation

• Domestic market

____ want to encourage domestic businesses to expand overseas because it results in a flow of profits back into the domestic economy.

Businesses consider global growth because of:

• higher profits and market access in global markets

• reduced technological barriers to movement of goods, services and factors of production

• countries with low production and labour costs

• extending product life cycles by marketing in other countries

• lack of success in their domestic market

Financial growth opportunities and/or loss minimisation is:

• an impact of globalisation

• a factor driving globalisation

Consumer purchasing and spending patterns is:

• an impact of globalisation

• a factor driving globalisation

World Trade Organisation (WTO) and sanctions is:

• an impact of globalisation

• a factor driving globalisation

Deregulation of the financial market is:

• an impact of globalisation

• a factor driving globalisation

Employment levels in developing and developed countries is:

• an impact of globalisation

• a factor driving globalisation

Global spread of skills and technology is:

• an impact of globalisation

• a factor driving globalisation