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Factors Leading to Globalisation
Terms in this set (5)
Such as FDI (foreign direct investment), put in place to guarentee cheaper labour and more leniant evironmental laws. Sometimes it may also be in place to avoid quotas and tariffs, like Nissan's move from Japan to Sunderland. Some LEDC's encourage this
Broadband, the internet, e-mail, and videoconferencing are all more accesible now, this allows information and communication to be more efficient and quick
It's now cheaper, quicker and easier to travel to a foreign country. This has especially increased the tourism industry
The World Trade Organisation works towards promoting free trade between counties and making it easier to trade
Such as the EU. Contracts put in place to help promote trade, legally binds a country to trade with enough in return for discounts etc
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