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? 

TG
Answered by Tom G. Economics tutor

14860 Views

See similar Economics A Level tutors

Related Economics A Level answers

All answers ▸

What are the likely impacts of a sustained budget deficit for an economy?


What will be the effect of an increase in VAT within the UK on GDP?


What is a market equilibrium? Describe and explain an equilibrium graphically


Explain the macroeconomic effects of tariffs


We're here to help

contact us iconContact ustelephone icon+44 (0) 203 773 6020
Facebook logoInstagram logoLinkedIn logo

© MyTutorWeb Ltd 2013–2025

Terms & Conditions|Privacy Policy
Cookie Preferences