1.7 Globalisation Flashcards
1
Q
Defi of globalisation
A
The increased integration of national economies into global, rather than national markets
2
Q
Defi of MNCs
A
A business that operates in more than 1 country
3
Q
Positive impacts of MNCs
A
Job creation
Increased GDP
Technology & expertise transferred to host country
Increased competition –> Increased innovation
A source of investment
4
Q
Negative impacts of MNCs
A
Social responsibility
Hard for govts to control
Eliminates local competition
