Please enable JavaScript.
Coggle requires JavaScript to display documents.
4.1 Globalisation - Coggle Diagram
4.1 Globalisation
4.1.1 growing economies
Emerging economy:
- large GDP growth
- large amounts of poverty
- poor infrastructure
Developed Economy:
- smaller GDP growth
- higher income levels
- much better infrastructure
examples:
United kingdom: -fairly small island population
- high average but increasing
- mostly tertiary industry
- very little low cost manufacturing
- relies on imports
China:
- huge population
- big investment in infrastructure
- low wages but increasing
- big manufacturing focus
- mass of exports
India:
- huge population
-poor infrastructure
- high population growth
- low wages a lot of poverty
Africa:
- Vast poverty
- wealth of
- natural resources
- unequal society
-
4.1.4 Protectionism:imposing trade barriers and restrictions on trade
- tariffs, quotas, legalisation, sudisdaries
-
-
4.1.3 Factors contributing to increased globalisation:Factors: removal of trade barriers tariffs - tax on imports
Quotas - limits on imports
- political change
- reduced costs of transport and communication
- increased significance of transitional companies
-increased FDI and migration