What are the causes and effects of globalisation?

Isolate/Define key terms 

- globalisation 

- causes 

- effects - split into benefits and costs 

1. Causes of Globalisation 

- exploitation of resources 

- improved technology 

- freedom of trade 

2. Costs of Globalisation 

- inequality 

- loss of cultural diversity 

- macroeconomic instability/volatility 

3. Benefits of Globalisation 

- reduced poverty 

- increased division of labour 

- increased economies of scale 

4. Conc.

- key cause

- overall, and in light of the aforementioned evidence, is globalisation a good or a bad thing? 

Answered by Tom G. Economics tutor

14450 Views

See similar Economics A Level tutors

Related Economics A Level answers

All answers ▸

Define market failure and give two examples in which this may occur.


How many real life examples do i need for application points?


What is the difference between Microeconomics and Macroeconomics?


Why does the demand line slope downwards?


We're here to help

contact us iconContact usWhatsapp logoMessage us on Whatsapptelephone icon+44 (0) 203 773 6020
Facebook logoInstagram logoLinkedIn logo

© MyTutorWeb Ltd 2013–2024

Terms & Conditions|Privacy Policy
Cookie Preferences