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GLOBALISATION - Coggle Diagram
GLOBALISATION
impacts
more trade
more competition
economies of scale (more efficient)
more capital and labour mobility
monopoly of power of multinations
structural unemployment
tax avoidance
causes
more transport
better tech
growth of big companies
less tariff barriers
more labour mobility
effects
pos
employment in trade industries
more foreign investment
integration of new cultures
neg
slave labour
environmental degradation
worse quality/health standards
domestic industries can't compete
what is globalisation?
businesses develop international influence or operate on an international scale