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GLOBALISATION (GAINS (Comparative advantage, Freedom of choice,…
GLOBALISATION
GAINS
Comparative advantage
Freedom of choice
Competition
Innovation
Addition of capital resoucres
Technology transfers
Improved management skills
POLICIES
Fair trade
Free trade
Tarrifs
Quotas
Subsidies
Foreign exchange
WHY
Diminish trade barriers
Overcome geographic differences
Government embraced policies
Aim to increase efficiency and productivity
LIMITATIONS
Cultural differences
Geographical barriers
Government retain power
ADVANTAGES
DISADVANTAGES