Globe

DRIVERS OF GLOBALISATION We saw in the previous activity that globalisation work by some interconnected means. Some examples of the drivers potty globalisation that were identified included: the promotion of free sight, international corporations, transport, the media and communications technologies, and consumerism. Promotion of free swap 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 agr eements 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 rout out be imported) The creation of free trade zones where there argon only small or no tariffs as well as cheap land and skilled, precisely controlled, labour The decrease or elimination of controls on the causa of capital expose of a estate so pay 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 topical 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 property restrictions (e.g. pate nts minded(p) by China would be accepted i! n the joined States and vice versa). These economic and trade reforms are a important part of free-market economics which greatly increase opportunities for international trade and investment. Taking advantage of new opportunities in foreign markets, macroscopic corporations are able to source their cranky materials from many contrastive 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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