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From course:

Economics A Level (DONEEEEEEE)

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Question:

What Consequences can Globalisation bring to Developed Nations?

Author: eric_galvao



Answer:

-Cheap Overseas Production of Goods has led to Decreased Inflation in Developed Nations. This can cause Structural Employment (Bangladeshi Manufacturing vs British) -De-Industrialisation impacts the Economy - Less Spending, Exporting -Success of Emerging Nations have been at the Expense of More Developed Nation -More Imports leads to a Negative Balance of Payments -Globalisation gives access to Cheaper Production of Raw Materials, which brings Lower Costs of Production -TNCs can bring Lower Prices for Consumers back in the Home Nation


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