Globalisation
What Globalisation means in Economics B A-Level, as defined for Pearson Edexcel.
Definitions of Globalisation
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Reference: Pearson Edexcel
The integration of economies driven by factors such as trade liberalisation, capital market liberalisation, political change, reduced transport and communication costs and transnational companies.
The increasing integration of the world's economies, often leading to standardised products being sold worldwide to achieve economies of scale.
The increasing integration and interdependence of the world's economies.
Topics that use Globalisation
- Globalisation (Pearson Edexcel A-Level)
- Responding to global demand (Pearson Edexcel A-Level)
Related terms
- Branding
- Economies of scale
- Ethnocentric approach
- Foreign direct investment
- Geocentric approach
- International trade
- Non-price competition
- Polycentric approach
Using Globalisation in the exam
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