globalisation

• globalisation describes the way in which the world has become more interconnected
• globalisation has led to an increase in international trade, foreign investment, communication between different countries and the sharing of ideas
• globalisation has been made possible by developments in transport, communications and the internet
• globalisation has been partly responsible for the explosion of the quaternary sector in the UK
• globalisation has boosted world trade and enabled more imported products to the UK
• economic growth

  in most years, the UK economy grows by one or two percent, mainly due to more trade with the rest of the world
• migration

  migrants come to the UK to fill jobs where we have a shortage of skilled workers, in healthcare and construction
• cheaper goods and services

  many of the things we buy are cheaper because they are produced in places where people earn lower wages than we do
• foreign investment

  foreign companies invest in the UK, bringing new ideas and technology
• inequality

  the gap between low paid unskilled work and high paid skilled work is increasing
• outsourcing jobs

  jobs that used to be done in the UK can now be done elsewhere, this means loss of jobs or lower wages for those still working in the UK
• dyson vacuum cleaners which were invented in the UK and manufactured in Malmsbury, have been made in malaysia since 2003 due to cheaper labour
• with dyson causing the loss of 865 UK jobs, the company was accused of betraying UK workers