1.1 Piccadilly Circus Flashcards
Globalisation
When businesses and countries start to develop existing international influence and communication allowing them to interact with other countries and make trade deals easily.
Widening & Deepening Global Connections
Increasing the amount of countries you’re connected to and improving the quality of pre-existing relationships.
Flows
Flows of goods, ideas and money which are needed to successfully run a country/economy.
Commodity
Basic good
Capital
Money
Migration
Flow of people
Tourists
Flow of foreign visitors
TNC
A firm operating in 1 or more country.
Schengen Zone
European countries that have abolished all passport and all types of border control on mutual borders, making travelling easier.