1GB2 - 5a.3 - M4 Corridor

What's the importance of the M4 corridor for the UK Economy?

• Isolation from the world

• Increasing links and influence by the wider world

• Decreasing foreign investments

• Reducing trade policies

Which of the following is a reason for increased foreign direct investment (FDI) in the UK?

• Isolationism

• Privatisation

• Decreased globalisation

• Reduced trade policies

What is the learning objective (LO) mentioned in the document?

• How have local forces changed the UK?

• How have global forces changed the UK?

• How has the UK changed global forces?

• How have economic forces changed the UK?

Which economic concept is highlighted as increasing due to globalisation?

• Domestic investment

• Foreign direct investment

• Local trade

• Nationalisation

What was the role of free-trade policies?

• To isolate the UK

• To increase trade barriers

• To facilitate trade between the UK and EU

• To decrease foreign investment

What is globalization?

• The transfer of public sector businesses to private ownership

• The increasing interconnectedness of the world's economies, cultures, and populations

• The removal of tariffs and barriers to encourage trade

• The operation of corporations in multiple countries

What do free-trade policies aim to do?

• Increase government control over businesses

• Remove tariffs and barriers to encourage trade between countries

• Privatize public sector businesses

• Limit foreign direct investment

What is Foreign Direct Investment (FDI)?

• The operation of corporations in multiple countries

• The transfer of public sector businesses to private ownership

• When a company from one country invests in a business or project in another country

• The removal of tariffs and barriers to encourage trade

What are Transnational Corporations (TNCs)?

• Companies that operate in multiple countries

• Companies that only operate domestically

• Government-owned businesses

• Businesses that do not engage in international trade

What was a result of privatization in the UK during the late 1980s and 1990s?

• Increased government ownership of businesses

• Decreased foreign investment

• Key services were privatized and often sold to TNCs

• Reduction in international trade