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MIND MAP

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Academic year: 2022

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MIND MAP

GLOBALISATION

Definitions to know:

• interdependence of countries

• exchange of goods, services and capital

• specialisation of countries

Groups of countries:

• less economically developed countries (LEDCs)

• more economically developed countries (MEDCs)

• low-cost countries

Drawbacks:

• americanisation of cultures

• workers’ exploitation

• import tariffs

• competition between workers

• social, tax and environmental dumping Advantages:

• economic development of poor countries

• lax environmental and labour laws

competitive advantage

to relocate = to outsource abroad = to offshore

New trends:

• slowbalisation

• deglobalisation

• reshoring

Références

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