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\nGlobalization: Definition, Causes, and Impacts\n

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\nIn this video, the lecturer defines globalization as the process of economic and financial integration that has progressively removed national boundaries from the financing, production, sale, and distribution of goods and services. He...\nIn this video, the lecturer defines globalization as the process of economic and financial integration that has progressively removed national boundaries from the financing, production, sale, and distribution of goods and services. He explains the causes of globalization, including comparative advantages, transportation, technology and communications, trade liberalization, and corporate activity. He highlights the impacts of globalization, such as specialization, impact on prices and trade, economic growth, winners and losers in unemployment, income distribution, environmental impacts, and dependency. The lecture also includes graphs and data to illustrate the growth in exports as a percentage of world GDP and the impact of globalization on the UK current account.\n
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Resource Details

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Curator Rating
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Educator Rating
Not yet Rated
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Media Length
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20:07
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Grade
12th - Higher Ed
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Subjects
Social Studies & History
3 more...
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Media Type
Instructional Videos
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Source:
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\nKnowMo Economics\n\n
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Date
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2018
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Language
English
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Audiences
For Teacher Use
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Usage Permissions
Fine Print: Educational Use
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Concepts

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economics, trade, economic growth, exports, products
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Additional Tags

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a-level, lectures, macro, globalisation, and, er, 8.1a, financial markets, multinational corporations, supply side, real output, big impact, general reduction, income distribution, video lecture, massive increase, positive impact, comparative advantages, world gdp, important dimension, globalization process, growth, impact, distribution, process, context, increase, largely, graph, goods, number, means, necessarily
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Classroom Considerations

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Best For: Explaining a topic
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\n\" data-title=\"Get Full Access\" data-container=\"body\" rel=\"popover\" tabindex=\"0\" aria-label=\"Play video: Globalization: Definition, Causes, and Impacts\" href=\"/subscription/new\">\"Globalization:\n\n
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