Create your own awesome maps

Even on the go

with our free apps for iPhone, iPad and Android

Get Started

Already have an account?
Log In

Economic Impact of Globalisation by Mind Map: Economic Impact of
Globalisation
0.0 stars - reviews range from 0 to 5

Economic Impact of Globalisation

Costs

Brain drain

Financial Interdependency

increased risk of exploitation

Structural unemployment - mismatch of jobs and skills

Income inequality

Greater vulnerability to external shocks

Loss of jobs - Outsourcing of manufacturing and white collar jobs

"Planned obsolescence"

Financial instability

Benefits

Higher national income

More trade

Healthy competition

More jobs

Encourage specialisation

Capital mobility - stable domestic interest rate

Higher standard of living

Faster propogation of technological innovation

Greater sharing of ideas