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Economic Impact of Globalisation by Mind Map: Economic Impact of Globalisation
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Economic Impact of Globalisation


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


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