Learning objectives
Define globalisation as the growing integration of the economies of the world through trade, investment and the movement of people
Explain how changes in trade restrictions, transport costs, communication costs and the movement of multinational companies speed up or slow down globalisation
Analyse the effects of a change in globalisation on international trade and on competition between firms
Analyse the effects of a change in globalisation on the environment, migration, the distribution of income and economic development
Define a multinational company and discuss its advantages and disadvantages for the host country and for the home country
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