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Provide an overview of how the drivers of globalisation encourages the world economy from a micro and macro perspective
Step by step
Solved in 3 steps
- Define Globalisation and outline some of the main features of this phenomenon.Enumerate 5 examples of globalization today and explain the advantages and disadvantages of globalization to humanity.Which of the following organisations does not handle the globalisation process? World Bank IMF WTO Asian Bank
- What does it mean to have a globalized economy? International trade is significant to all continues Countries only trade within their borders Trading only happens as the need arises Products are meant to be produced locally Which among the following statement are the benefits and ills of globalization Access to a variety of products Environmental destruction Loss of unique and individual cultures All of the above Why do goods and services move around the world faster than ever? Free trade agreements, and technological advancements Advent of global organizations Space travel Regional alliancesDiscuss two (2) advantages and two (2) disadvantages of globalisation.Who are the participants in the globalisation of the economy? 1 Transnational Financial and Economic Institutions 2 Nongovernmental Institutions 3 Organizations of World Government 4 Transnational Businesses (TNCs)
- What is the purpose of global interstate and the role of global governance in globalization?How does the use of shipping containers promote globalization ? A) they are environmentally friendly B) they are easily transported by air C) they are standardized and can be transported both by sea and on truck D) they promote localized commerceCritique globalisation for South Africa by referring to any advantages and disadvantages of globalisation. This must be applied to South Africa.