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International Trade and Globalisation
Quick questions on Globalisation and its effects explained: O-Level Economics
4short Q&A pairs drawn directly from our worked dot-point answer. For full context and worked exam questions, read the parent dot-point page.
What is the causes of globalisation?Show answer
Several developments have driven globalisation:
What are the role of multinational companies?Show answer
A multinational company (MNC) is a firm that produces or operates in more than one country. MNCs are central to globalisation: they invest in factories abroad, create jobs, and move goods, technology and profits across borders. Their decisions about where to produce shape the global economy.
What is the benefits of globalisation?Show answer
Globalisation brings real gains:
What is the costs of globalisation?Show answer
Globalisation also has costs, and the gains are not shared equally:
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