Globalisation

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Across
  1. 2. The Vicious cycle of ________ is a set of factors or events by which being extremely poor,and once started, is likely to continue unless there is outside intervention.
  2. 3. When the increase in prices of goods and when the value of money decrease.
  3. 4. The ________ of firms help make some economies of large scale possible.
  4. 5. Tax on imported goods.
  5. 6. The growth of global interconnection across national borders as a result of the reduction in trade and communication barriers, becoming one large market.
  6. 9. Where a country or countries provide financial and other assistance to poorer nations.
  7. 10. A corporation that has its facilities and other assets in at least one country other than its home country.
  8. 13. A global organisation which monitors the world’s financial system.
  9. 14. Structural changes can be carried out, such as ______ the labour, capital, financial, communications, agricultural, transport and other markets to improve efficiently by encouraging stiffer competition in these markets.
  10. 15. Globalisation will cause Australia’s ________ market to have a problem of instability and accountability.
  11. 16. The _______ is an international agency that encourages trade between member nations, administers global trade agreements and resolves disputes when they arise.
  12. 17. Company ______ is the acquisition of a corporation by another.
Down
  1. 1. _______ is an international financial institution that provides loans to developing countries for capital programs, such as to build schools to improve literacy, road and bridges to develop transport and so on.
  2. 3. The movement of goods and services between countries.
  3. 7. ________ integration is when firms in the same industry join together.
  4. 8. Globalisation contributes to the Australian economy by increasing international _______ , thus increasing the level of efficiency of production which leads to an increase in GDP.
  5. 11. Globalisation helps provide more jobs and lower the _________ rate in countries.
  6. 12. Globalisation alone is not enough to increase living standards of a poor country. Factors such as provision of basic _________ , including education, water supply, roads, transport, etc) are also required.