| What has happened in China and India due to Globalisation? | -The Level of Inequality has Rose Fiercely over Recent Years
-This can be due to the Local Workers missing out, as their Industry is too Uncompetitive, whilst a Minute Proportion benefit Greatly |
| What Consequences can Globalisation bring to Developing and Emerging Nations | -Most of the TNC's Profits goes to the Home Nation. That means the Host Nations can't deal with Poverty and Inequality
-Skilled Workers often leave to work in Richer Nations. This reduces the Human Capital and Potential for Economic Growth
-Local Firms may suffer Greatly from Competitions
-TNCs can bring Jobs and Investment. Offering Reliable Incomes (or not) and bring about Efficient productive methods which will affect the Host Nation. |
| What Consequences can Globalisation bring to Developed Nations? | -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 |
