Please enable JavaScript.
Coggle requires JavaScript to display documents.
C29: GLOBALISATION (The agreements that exist when countries agree to…
C29: GLOBALISATION
The agreements that exist when countries agree to trade imports/exports with no barriers such as tariffs and quotas
-
-
-
The term used to described increases in worldwide trade and movement of people and capital between countries.
-
-
-
Import materials + components from other countries but still continue to manufacturer goods in the original country.
-
Foreign competitors might be able to produce cheaper goods and if they have the permission to import freely then local business may struggle and become out of business.
Quotas:the Organization of Petroleum Exporting Countries sets a production quota for crude oil in order to "maintain" the price of crude oil in world markets
Tariffs: when the cars from other countries got imported in,the government taxed them.
-
-
-
-
-
-
-