Globalisation

1. What is a common measure used to see a country's trade?
5. Rate What is the name of the movement of the Austrailian Dollar called?
7. At what importance is the growth in foreign direct investment? (Hint: The trade in goods and services is of FIRST importance)
8. States Which country is the world's largest importer?
9. What has been the 'engine of globalisation?
12. What is globalisation also known as?
14. What creates winners and losers?
16. The advances in information technology and the Internet have enabled the growth of what in services?

1. Opening of international borders to the flow of trade, investment, immigration, information and technology is known as
2. 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
3. What was the period called when globalisation went underground?
4. Which country has now become the world's leading exporter of IT services?
6. What is the largest category of global trade?
10. Goods What trade has the bulk of world trade?- Up to 80% of total trades
11. Which country has seen a dramatic increase in trade intensity-By a factor of 12
13. What imposes costs on some sections of the community but also leads to net gains?
15. Where has trade been a pathway to achieving rapid economic growth?