Learning objectives
Define globalisation and explain its causes, such as cheaper transport and communications, trade liberalisation and the spread of MNCs
Evaluate the consequences of globalisation for developed and developing economies, workers, consumers and the environment
Distinguish a free trade area, a customs union, a monetary union and full economic union
Analyse trade creation and trade diversion when a country joins a trading bloc
Continue with a revision plan
These learning objectives are available to everyone. Sign in with an eligible plan to read the full note and worked examples.