Please enable JavaScript.
Coggle requires JavaScript to display documents.
Globalization - Coggle Diagram
Globalization
7. Disadvantages of Globalization
Job loss
Inequality
Culture loss
Pollution
8. Economic Globalization
Intregration of national economies
Financial Markets
Investment
Trade
Increasment of efficency and capital movement
Companies operate globally
9. Trade Types
Visible
= goods
Invisible
= services
10. Trade Barriers & Policies
Protectionism
Tariffs
Quotas
Subsidies
Embargoes
: total trade ban on targeted nation
12. Global Institutions
IMF
Fiancial stability
Loans
International cooperation
WTO
Free trade
Rules
Dispute resolution
Tariffs
: protect industry but raise prices
11. Trade Structures
EU free market
Comonn rules and standards
Elimination of trade barriers
Trading blocs
(EU/NAFTA/ASEAN)
Customs
Taxes
Check on flows of goods and services
Prevention of illegal trade