Economics - 4EC1 PearsonEdexcel

Globalisation

Gbogbo ọrọ náà

The phone in your pocket may have been designed in one country, built from components made in a dozen others, assembled in another, and sold to you by a company with offices on every continent. That is globalisation in action: national economies have become steadily more integrated and interdependent, connected by trade, capital, technology and the movement of people.

In this lesson you will examine why globalisation has accelerated, what multinational corporations do and why they expand abroad, and how the process affects countries, governments, producers, consumers, workers and the environment, not always in the same direction for everyone.

Ebumnobi

  1. Definition of globalisation: increased integration and interdependence of economies
  2. Reasons for globalisation: fewer tariffs and quotas, reduced cost of transport, reduced cost of communication, increased significance of multinational corporations (MNCs)
  3. Impacts of globalisation and global companies on individual countries, governments, producers and consumers, workers and the environment: rising living standards, greater choice, lower prices, reduced costs of communication, closing of traditional industries, environmental impact
  4. Definition of multinational corporations (MNCs): definition of foreign direct investment (FDI), reasons for emergence of MNCs/FDI (to benefit from economies of scale, to access natural resources/cheap materials, lower transport and communication costs, to access customers in different regions), advantages and disadvantages of MNCs/FDI (creating jobs, investing in infrastructure, developing skills, developing capital, contributing to taxes, avoiding paying taxes, environmental damage, moving profits abroad)

Maapụ uche

E seela isiokwu a ka ị hụ otu echiche si ejikọta.

Mepee maapụ uche na ngwa

Kaadị ncheta

Omume ncheta ngwa ngwa n'ihe a na-anwale n'isiokwu a.

Mee omume kaadị ndị a na ngwa

Akwụkwọ Ọmụmụ

A generation ago, a car might have been designed, built and sold within one country. Today a single car can involve steel from one continent, electronics from another, assembly in a third and buyers all over the world. This growing integration and interdependence of national economies is called globalisation, and it shapes almost every decision a modern business makes about where to produce, where to sell and where to invest.

Ndetu Nkuzi Zuru Ezu di na Ngwa Green Bridge

Nweta ngwa Green Bridge CBT na ekwenti gi ma o bu kompiuta maka ulo akwukwo IGCSE zuru oke: akwukwo ule ndi gara aga, usoro nyocha, eserese uche, kaadi omumu na nkuzi olu.

Akwụkwọ ndụmọdụ zuru oke nwere eserese
Onye inyeaka mmụta AI
Ule nnwale nwere oge a na-ahazi ozugbo i mechara
Ọ dị na Android, Windows, macOS, na Linux Ngwa iOS na-abia n'oge na-adighi anya

Nnyocha Ọmụmụ

Ekele diri gi maka imecha ihe karịrị na Globalisation. Ugbu a na ị na-enyochakwa isi echiche na echiche ndị dị mkpa, ọ bụ oge iji nwalee ihe ị ma. Ngwa a na-enye ụdị ajụjụ ọmụmụ dị iche iche emebere iji kwado nghọta gị wee nyere gị aka ịmata otú ị ghọtara ihe ndị a kụziri.

Ị ga-ahụ ngwakọta nke ụdị ajụjụ dị iche iche, gụnyere ajụjụ chọrọ ịhọrọ otu n’ime ọtụtụ azịza, ajụjụ chọrọ mkpirisi azịza, na ajụjụ ede ede. A na-arụpụta ajụjụ ọ bụla nke ọma iji nwalee akụkụ dị iche iche nke ihe ọmụma gị na nkà nke ịtụgharị uche.

Jiri akụkụ a nke nyocha ka ohere iji kụziere ihe ị matara banyere isiokwu ahụ ma chọpụta ebe ọ bụla ị nwere ike ịchọ ọmụmụ ihe ọzọ. Ekwela ka nsogbu ọ bụla ị na-eche ihu mee ka ị daa mba; kama, lee ha anya dị ka ohere maka ịzụlite onwe gị na imeziwanye.

  1. Which of the following best defines globalisation? A) The removal of all government spending B) The increased integration and interdependence of the world's economies C) A country's decision to leave a trading bloc D) A rise in a country's inflation rate Answer: B
  2. Which of the following is a reason for the growth of globalisation? A) Rising tariffs between countries B) Higher transport costs C) Reduced cost of communication D) Reduced significance of multinational corporations Answer: C
  3. Foreign direct investment occurs when: A) A government borrows from another government B) A firm invests in productive assets in another country C) A consumer buys an imported good D) A central bank changes the exchange rate Answer: B
  4. Which group is most likely to benefit directly from lower prices as a result of globalisation? A) Workers in an industry that closes due to import competition B) Consumers C) The environment D) A government losing tax revenue to profit shifting Answer: B
  5. 'Offshoring' refers to: A) Building a new domestic factory B) Moving part of a firm's production to another country to reduce costs C) A government reducing import tariffs D) A rise in a country's exchange rate Answer: B

Rue ajuju ndi a n'ime ngwa ahu

Rue ajuju ndi a n'ime ngwa ahu

Meecha Ajụjụ Ule Ọmarịcha

Ị chọrọ ime ajụjụ ule ọmarịcha gbasara Globalisation? Budata ngwa Green Bridge CBT iji nweta ajụjụ ule ọmarịcha na nyocha zuru ezu gbasara isiokwu a.

Budata Ngwa Ahụ Na Google Playstore

Ihe nile ichoro iji nwee ihe ịga nke ọma na JAMB, WAEC & NECO.

Green Bridge CBT Mobile App
Onye Enyemaka Nkata AI Nke Ọmụmụ Ihe Ahaziri Maka Gị
Ajụjụ ule IGCSE, JAMB, WAEC na NECO karịrị 200,000
Ihe karịrị 1200 Nkọwa Nkuzi
Nkwado Na-enweghị Ịntanetị - Mụọ Ihe Mgbe Ọ Bụla, Ebe Ọ Bụla
Jadawalin Gada Kore
Akọkọ akọle iwe & Ibeere agbara
Sọfụma Ọrụ Gi & Ọganihu Gi
Nkọwa Miri Emi Maka Ọmụmụ Ihe Zuru Ezu