S. No- 5
Economic Globalisation
Group Members- Leah and Advay
What is Globalisation?
In Globalisation,
-Businesses develop an international influence -National economies merge through technology -Labour force, investment, trade and capital flow are mitigated
Global Cause
The heightened role of Multinational Corporations (MNCs) and development production in global trade
National Cause
Lowered trade barriers by nations bolsters and encourages economic productivity and well-being
Local Cause
Advancements in technological development on a local scale causes the widespread and rapid transfer of information, which eventually leads to globalisation
Global Consequence
The standard of living is greatly increased and poverty levels are reduced
National Consequence
The spread of technology and innovation to different countries
Local Consequence
Globalisation allows companies to find lower-cost operations or ways to produce their products. Prices are driven down and the variety of choices are increased
Bibliographyhttps://www.thecasecentre.org/products/view?id=19798https://www.ibef.org/pages/13725 https://blogs.imf.org/2016/06/20/how-lowering-trade-barriers-can-revive-global-productivity-and-growth/ https://www.nber.org/digest/mar07/globalization-and-poverty https://www.piie.com/commentary/speeches-papers/globalization-concept-causes-and-consequences https://www.tribuneindia.com/news/comment/easing-trade-barriers-helped-india-prosper-126110
Thank you!
economic globalisation
Leah Iyer
Created on September 3, 2021
presentation- 9th september
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Transcript
S. No- 5
Economic Globalisation
Group Members- Leah and Advay
What is Globalisation?
In Globalisation,
-Businesses develop an international influence -National economies merge through technology -Labour force, investment, trade and capital flow are mitigated
Global Cause
The heightened role of Multinational Corporations (MNCs) and development production in global trade
National Cause
Lowered trade barriers by nations bolsters and encourages economic productivity and well-being
Local Cause
Advancements in technological development on a local scale causes the widespread and rapid transfer of information, which eventually leads to globalisation
Global Consequence
The standard of living is greatly increased and poverty levels are reduced
National Consequence
The spread of technology and innovation to different countries
Local Consequence
Globalisation allows companies to find lower-cost operations or ways to produce their products. Prices are driven down and the variety of choices are increased
Bibliographyhttps://www.thecasecentre.org/products/view?id=19798https://www.ibef.org/pages/13725 https://blogs.imf.org/2016/06/20/how-lowering-trade-barriers-can-revive-global-productivity-and-growth/ https://www.nber.org/digest/mar07/globalization-and-poverty https://www.piie.com/commentary/speeches-papers/globalization-concept-causes-and-consequences https://www.tribuneindia.com/news/comment/easing-trade-barriers-helped-india-prosper-126110
Thank you!