Attitudes and actions of national government

• What is free market liberalisation?

  It is where markets were deregulated and there was less interference in the economy from the government, this allowed trickle down of money from the rich to the poor, this paved the way for places like london to become hubs of financial services
• What is privatization?

  It is when the ownership of a company is transferred from the government to foreign companies, this enables a reduction in public spending in regions
• What is encouraging business start ups and how does it aid globalisation?

  It allows businesses to set up shop in a lower taxed SEZ and this allows countries to become more appealing to other regions that want to start businesses
• What have national governments also encouraged?

  Free trade blocs
• What is a trade bloc?

  It is a voluntary international organisation that exists for trading purposes, bringing economic strength to countries that join
• What is a SEZ?

  A special economic zone, this is a place which has lower taxes and more aid to start businesses and make more money
• What are some ways that countries have been able to promote globalisation and growth?

  China, 1978 open door policy, this was where the country allowed lower taxes in regions for growth, an example of this was in Shenzen where apple products have been made, it has also allowed trade with the west for rare earth materials.