Economics A-Level
Globalisation
What Globalisation means in Economics A-Level, as defined for AQA.
Definitions of Globalisation
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Reference: AQA
The deepening economic interdependence and accelerating integration of global markets, which multinational corporations drive by establishing complex global supply chains and integrating developing economies into the global market.
A process that accelerates development through foreign direct investment and technology transfers, but can also exacerbate inequality if gains are disproportionately captured by elites.
Topics that use Globalisation
- Economic growth and development (AQA A-Level)
- Globalisation (AQA A-Level)
Related terms
- Foreign direct investment
- International trade
- Economic development
- Economic growth
- Economic integration
- Foreign aid
- Human capital
- Human Development Index (HDI)
Using Globalisation in the exam
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