4.2.6.1 Globalisation NOTES

What has significantly reduced the cost and time required to exchange goods and services internationally?

• Trade Liberalisation

• Cultural Exchange

• Capital Mobility

• Technological Advancements

What promotes greater openness and integration in global trade?

• Trade Liberalisation

• Global Supply Chains

• Labour Mobility

• Technological Integration

What has facilitated the flow of capital across borders?

• Technological Advancements

• Cross-Border Capital Flows

• Capital Mobility

• Increased International Trade

What has contributed to the globalisation of labor markets?

• Labour Mobility

• Trade Liberalisation

• Cultural Exchange

• Capital Mobility

What has enabled companies to source inputs and manufacture goods across multiple countries?

• Trade Liberalisation

• Global Supply Chains

• Capital Mobility

• Technological Integration

What has led to a significant expansion in international trade?

• Increased International Trade

• Cross-Border Capital Flows

• Cultural Exchange

• Technological Integration

What has enabled the free flow of capital across borders?

• Cross-Border Capital Flows

• Technological Integration

• Global Supply Chains

• Increased International Trade

What has facilitated the movement of people across borders?

• Transnational Movement of Labour

• Technological Integration

• Cultural Exchange

• Capital Mobility

What role do Multinational Corporations (MNCs) play in globalisation?

• They promote cultural diversity

• They reduce capital flows

• They facilitate international movement of goods and services

• They only focus on local markets

What challenges might More-Developed Countries (MDCs) face due to globalisation?

• Reduced technological advancements

• Decreased trade opportunities

• Increased competition from low-cost producers

• Lower cultural exchange