Introduction Discuss; How has (& still is) the world changed/ing? Is this change good or bad? Read & discuss “Getting started’ P192 Globalisation = growing.

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Presentation transcript:

Introduction Discuss; How has (& still is) the world changed/ing? Is this change good or bad? Read & discuss “Getting started’ P192 Globalisation = growing integration of the world’s economies Brainstorm; benefits/ costs of globalisation pros & cons of globalisation (3:12)

Features of globalisation Freer & more widespread trade ↑ Immigration Interdependence of economies (through trade & financial markets) Flow of capital, technology & intellectual property (patents)

Reasons for globalisation brainstorm modern ICT better transport networks deregulation, privatization, ↓ trade barriers, ↓ communism saturated home markets multi-national companies  incomes

Multinationals (MNC’s) =Co’s that sell G & S globally and have production & operating facilities globally, e.g. Exxon Mobil, Wal- mart, Toyota Guess;; How many MNCs in the world The World Investment Report 2009, a total of 889,416 porations

Why do MNCs exist? economies of scale; huge production means they benefit greatly from EOS in many areas, eg. technical, financial, marketing, etc *discuss Q2 P195 Note down how governments can contribute to the  in MNC & globalisation (key facts P194) What are the 5 largest MNCs Fig 42.3 P194 What limits globalisation? (P193 margin) Exam practice