Please enable JavaScript.
Coggle requires JavaScript to display documents.
Globalisation : - Coggle Diagram
Globalisation :
What is globalisation?
The expansion of a company from its original country to a position where it has branches in many countries. These have an important influence of global trade.
Why has it Occurred
-
-
Increased trade
Trade is important for economies of most countries around the world as companies rely on it to make large profits
-
Benefits
Benefits
Money is invested in LEDCs, providing new jobs and skills.
With this they are able to develop their technology and people are able to improve standard of living
-
-
Negatives
-
Lack of strictly enforced law, safety of workers is uncertain
-
With different cultural backgrounds, people will begin to lose their individuality.