1. What are FTA’s? Free Trade Associations

2. E D C A B A world with NO free trade associations
Country A will only allow a specific amount of each product to be imported to its country A B

3. E D C A B A world with free trade associations
The laws of Supply & Demand dictate what should be sold and at what price. A B
Free markets promote efficiency

4. Globalisation 1 single world market Better services Lower Prices
Increase in consumer choice
Increased competition
Too much human activity - pollution
Actually damages some economies

5. Multinational Businesses

6. What is a multinational business
Must sell goods in more than 1 country
Must produce goods in more than 1 country
Will therefore contribute in some way to more than 1 economy

7. Why become multinational?
Should this cafeteria become multinational?