Flashcards in Advantages Of International Trade Deck (5)
What is globalisation tied with?
Free trade - NAFTA which allows mexico canada and United States to exchange products and services
What does it create that’s steady?
A steady cash flow into the poorer countries gradually decreasing inequality
What reduces company costs?
HIC’s can employ skilled workers from LIC’S
Filling gaps within the economy?
EG in the UK they have hired nurses from India to fill their gaps in NHS