a)Characteristics

• What does globalisation refer to?

  Growing interdependence of countries
• How does the OECD define globalisation?

  Geographic dispersion of industrial and service activities
• What are examples of activities included in globalisation according to the OECD?

  Research and development, sourcing, production
• What does increasing integration of economies mean in the context of globalisation?

  Formation of a single international market
• What is a key movement associated with globalisation?

  Free trade of goods and services
• What does free movement of labour and capital imply?

  Unrestricted movement across borders
• What is the significance of the free interchange of technology and intellectual capital in globalisation?

  Enhances innovation and economic growth
• What are the main components of globalisation as defined in the study material?

  • Geographic dispersion of activities
  • Increasing integration into a single market
  • Free trade of goods and services
  • Free movement of labour and capital
  • Free interchange of technology and intellectual capital