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Globalisation

Horizontales
the theory or practice of shielding a country's domestic industries from foreign competition by taxing imports.
decline in industrial activity in a region or economy.
A type of advantage where an individual or group is able to carry out a particular economic activity (such as making a specific product) more efficiently than another activity.
When a product or service is cheap compared to other similar products, or services, it is said to be ____ competitive.
________ to entry describes the high start-up costs or other obstacles that prevent new competitors from easily entering an industry or area of business.
Verticales
market situations in which there is only one buyer.
Critics argue that a lack of product diversity can be due to over-_______.
Economies of _____ is a proportionate saving in costs gained by an increased level of production.
_______ of scale happen when a company or business grows so large that the costs per unit increase.
A low-income country confronting severe structural impediments to sustainable development.
the injection of money from an external source into a region, in order to purchase capital goods for a branch of a corporation to locate or develop its presence in the region.