Globalisation | A-Level Economics Notes
These revision notes cover everything you need to know about Globalisation for A-Level Economics. They're designed for students studying AQA A-Level Economics, Edexcel A-Level Economics, and Edexcel International A-Level Economics. Written by Jaisul Naik, UCL Economics graduate and A-Level Economics tutor since 2017.
What is globalisation?
Globalisation is the increased integration and interdependence between different economies.
What are four factors that have contributed to globalisation?
Four of the main factors that have contributed to globalisation are
- improved transport links
- improvements in IT and communication
- increased number of multinational corporations (MNCs)
- increase in trade agreements
What are two advantages of globalisation?
Two of the main advantages of globalisation are
- an increase in total output due to specialisation (comparative advantage model)
- a fall in prices (tariff removal diagram)