Globe

DRIVERS OF GLOBALISATION We saw in the previous activity that globalization work through some interconnected means. Some examples of the drivers bottom of the inning globalisation that were identified included: the promotion of free profession, multinational corporations, transport, the media and communications technologies, and consumerism. Promotion of free craftiness Since World struggle II, and especially since the 1980s, governments encounter reduced mevery barriers to world-wide trade through international agreements such as the General Agreement on Tariffs and disdain (GATT) and the World Trade Organization (WTO).

These agreements have lead to many initiatives to promote what is called free trade, including: The elimination of tariffs (taxes on merchandise goods) The elimination of import quotas (limits on the amount of any return that lavatory be imported) The creation of free trade zones where there argon only small or no tariffs as well as cheap land and skilled, further controlled, labour The decrease or elimination of controls on the cause of capital expose of a estate so cabbage can slow be returned to the base country or a tax-haven The reduction, elimination, or harmonisation of subsidies for topical anaesthetic businesses so overseas companies can argue against them without any support for local anesthetic industry and employers The establishment of local subsidies for global corporations so that they can make things cheaper in oen country rather than another The harmonisation of sharp property laws and cross-border recognition of intellectual pro perty restrictions (e.g. patents disposed(p)! by China would be accepted in the linked States and vice versa). These economic and trade reforms are a rudimentary part of free-market economics which greatly increase opportunities for international trade and investment. Taking advantage of new opportunities in foreign markets, oversize corporations are able to source their cranky materials from many contrary countries and establish factories and sales outlets all over...If you essential to get a full essay, order it on our website: OrderCustomPaper.com

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