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Topic 3 Globalisation > 3.4 > Flashcards

3.4 Flashcards

1
Q

Global Shift

A

Movement of economic activity from MEDCs initially to NICs and more recently yo LEDCs

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2
Q

MEDC

A

More economically developed country

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3
Q

LEDC

A

Less economically developed country

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4
Q

NICs

A

Newly industrialised country

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5
Q

When did global shift happen

A

1970s and 80s to asia

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6
Q

3 things that allowed acceleration of global shift

A

Open borders

TNCs

FDI

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Topic 3 Globalisation (17 decks)

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