Outline a factor that has led to globalisation

Globalisation is the growing integration of the world's economies.
One factor that has enabled globalisation to take place is the reduction in international trade barriers. This is because over the last decade several countries have allowed trade to flow freely, in and out of their country. A clear example of a reduction in trade barriers are that amount of free trade agreements (FTAs) that have been agreed such as ASEAN, which consists of China, Korea, India, Japan, Australia and New Zealand. Therefore free trade agreements would quite clearly lead to more countries increasing their exports, and also would lead to the integration of the world's economies, due to the fact that more countries are trading with each other now more than ever.
In conclusion without a reduction in international trade barriers, I believe that it would be difficult to integrate the world's economies, because there is no easier way for countries to conduct business with one another than trading.

ST
Answered by Sam T. Business Studies tutor

1669 Views

See similar Business Studies A Level tutors

Related Business Studies A Level answers

All answers ▸

What is the Triple Bottom line?


How should I structure my Business Studies exam answers? Could I get an example please?


Analyse the benefits for a national firm of a government adopting protectionist trade policies?


What is meant by the term 'quantitative market research' ?


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 2013–2025

Terms & Conditions|Privacy Policy
Cookie Preferences