Chapter 1: Globalisation

Question 1

Linkages between economies

Answer 1

• Immigrations
• Tourism
• Trade
• Investment

Question 2

Determinants of IC

Answer 2

• ER
• Tax Rate
• Relative Inflation Rate
• Relative Wage Rate
• Lead Time
• Productivity

Question 3

Factors

Answer 3

• Trade Liberalisation
• Advancement in Technology and Communication
• Advancement in Transport System
• Growth in MNC

Question 4

Advantages

Answer 4

• Stimulate Economic Growth
• Positive Environment Outcome
• Improve SoL
• Increase FDI
• Share of Information and Technology

Question 5

Disadvantages

Answer 5

• Vulnerable to Economic Problems
• Brain Drain Effect
• Social and Economical Cost
• Fasten Destruction of Environment
• Lower SoL