2024 aqa as economic 7135/2
paper 2 the national economy in a
global context question paper|
newest June 2024| 100 questions
and correct detailed
answers(verified answers)||
graded a+
What are the main characteristics of globalisation?-
ANSWER-Free movement of capital and labour across
International boundaries, free trade between countries and
the availability of technology and intellectual capital to be
used on an international scale
In the last 50 years, why has the scale and pace of
globalisation increased?-ANSWER-Trade liberalisation -
removal of tariffs etc. may negotiate these with WTO.
WTO raised standards on global products - to increase
consumer confidence in imported goods
Reduction in cost and time needed - for transportation of
goods. Cheaper to import and export. E.g. could be due to
larger cargo ships
Improvements in communication - e.g. internet makes
trade easier and cheaper
MNC's wishing to increase profits - might built a factory
in and LEDC for cheap labour. Increase in FDI from
MNC's
Firms expanding overseas - wish to exploit economies of
scale
More MNC's with influence - more international trade and
investment as influence grows
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