Globalisation, Trade Barriers and MNCs 6.2.1 & 6.2.2

This includes:

• 6.2.1 The importance of globalisation
• reasons for globalisation: improved transport links, technological change including
  communication, free trade agreements, newly industrialised countries
• opportunities and threats of globalisation for businesses
• import tariffs and import quotas
• effects of import tariffs and import quotas on businesses
  6.2.2 Multinational companies (MNCs)
• advantages to a business of becoming an MNC
• advantages for the country where an MNC is located, e.g. jobs, exports, increased choice,
  investment
• disadvantages for the country where an MNC is located, e.g. increased competition,
  environmental damage, exploitation of natural resources, repatriation of profits

Minimum Time = 35 minutes