Globalisation

3. What has been the 'engine of globalisation?
5. What is the name of the movement of the Austrailian Dollar called?
6. What trade has the bulk of world trade?- Up to 80% of total trades
10. The advances in information technology and the Internet have enabled the growth of what in services?
11. Which country has now become the world's leading exporter of IT services?
12. Which country has seen a dramatic increase in trade intensity-By a factor of 12
13. Which country is the world's largest importer?
15. What is the largest category of global trade?
17. Where has trade been a pathway to achieving rapid economic growth?

1. Index What is used to calculate the average of the following three ratios: foreign assets to total assests, foreign sales to total sales and foreign direct investment
2. At what importance is the growth in foreign direct investment? (Hint: The trade in goods and services is of FIRST importance)
4. What is globalisation also known as?
7. What imposes costs on some sections of the community but also leads to net gains?
8. Opening of international borders to the flow of trade, investment, immigration, information and technology is known as
9. What creates winners and losers?
14. What was the period called when globalisation went underground?
16. What is a common measure used to see a country's trade?