Please enable JavaScript.
Coggle requires JavaScript to display documents.
Globalisation (Benefits (Start selling exports to other countries-opening…
Globalisation
-
-
Definition
implies the opening of local and nationalistic perspectives to a broader outlook of an interconnected and interdependent world with free transfer of capital, goods, and services across national frontiers.
However, it does not include unhindered movement of labor and, as suggested by some economists, may hurt smaller or fragile economies if applied indiscriminately.
-
-
-
Multinational business
Definition
are those with factories, production or service operations in more than one country
Why?
Produce goods in countries with low costs, such as low wages
-
-
-
-
Increase market share and expand into different market areas to spead risks,
If sales are falling in one country the business may move to another country where sales are rising.
-
-
-
-