Impacts of Globalisation (1 Viewer)

[maddles07]

Re: 2008 Economics Marathon

sorry to skip your question but I was wondering if someone can tell me the main impacts of globalisation?

 

[Advv]

Re: 2008 Economics Marathon

I'll be brief. Here are 3 impacts.

- Increased trade flows which lead to economies relying on each other for imports/exports.
- Increased foreign direct investment leads to new investment opportunities and allows greater access to foreign capital for businesses.
- Increased technology flows as businesses will import technology from other countries to increase their competitiveness.

I dunno if that's what you're looking for but yeah... I tried. o_o;

 

[BackCountrySnow]

-more choice for consumers.
-cheaper prices for consumers.
-strengthened world business cycle
-ability to focus on omparative advantage.
-more available credit.
-broader labour market.

thats all i can think of atm.
cbf, question's too broad.

 

[runnable]

Re: 2008 Economics Marathon

Try:

Increased trade, financial flows, technology flows, environmental conservation, possible increase in income inequality.