Factors in globalisation: development of technologies, systems and relationships including financial, transport, security, communications, management and information systems and trade agreements
Several forces have accelerated globalisation. Advances in transport, communications technology, and international trade agreements (deals between countries to reduce barriers to trade) have made it far easier for money, goods and information to move around the world.
Real World
The 1994 North American Free Trade Agreement (NAFTA) eliminated most tariffs between the USA, Canada, and Mexico, enabling car manufacturers like Ford to shift assembly operations to Monterrey while selling finished vehicles duty-free across all three markets.
Exam Focus
Distinguish between factors that enabled globalisation (e.g. containerisation) and those that accelerated it (e.g. trade agreements) — this nuance targets the highest mark band.
Essay Framework
Use PEEL to structure every paragraph. Tap each step for guidance and an example.
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