Pearson Edexcel International A Level Business (431) 3 Factors contributing to globalisatiation
a) Trade liberalisation, the reduction of trade barriers and the role of the WTO.
b) Political change.
c) Reduced cost of transport and communication.
d) Increased significance of global (multinational) corporations (MNCs).
e) Increased investment flows (FDI).
f) Migration within and between economies.
g) Growth of the global labour force.
h) Structural change.
i) Impact on businesses of increased globalisation.
Written by Sarah Hilton for Revisionstation
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