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GCSE Business · key term
The increasing integration of countries’ economies through cross-border trade and movements of people, technology and finance.
Used by AQA, Edexcel and OCR
Paper 1, Paper 2
Revise: UK Businesses Competing InternationallyGlobalisation is the increasing integration of countries’ economies through trade and movements of people, technology and finance. For a UK business, this means that customers, suppliers, workers and competitors may be located around the world rather than only within the UK.
Specification 2.1.3 · Paper 2
The process by which national economies become more connected through trade, investment and technology, allowing businesses to buy, sell and operate across borders.
Revise: Globalisation and International TradeGlobalisation is the process by which national economies become more connected through trade, investment and technology. A business can buy materials from one country, produce in another and sell to customers in several more.
Paper 2
The process by which countries’ economies and businesses become increasingly connected through cross-border movements of goods, services, people, technology and finance.
Revise: Concept of GlobalisationGlobalisation is the process through which these international connections increase, making countries’ economies and businesses more closely integrated.
The increasing connection of countries and their economies through activities such as international trade and business investment.
When judging globalisation or trade blocs, consider the business's circumstances: where it buys, sells and produces matters more than a general list of advantages.
When explaining globalisation, describe increasing connections between countries, rather than simply saying that a business sells abroad.
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