1. the effect of globalisation
... of globalisation is that, it enhances the volume of international trade and investment, which is a reflection of the global pattern of specialisation in production (i.e. the international division of labour). Though, there is an increase in the volume of goods among nations, international trade continues to be largely concentrated in developed countries (i.e. Trade continues to exist between economies at the same level ... of economic development). For example, in 1992, 56% of world trade was among developed countries, virtually unchanged from its 1970 level. In the same year, ... in o...
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- Grade Level: Undergraduate