6 International Specialisation Flashcards
Chapter 6
1
Q
Specialisation
A
Countries specialized in production of those G + S in which they have an absolute advantage or comparative advantage over other regions or countries
2
Q
Globalisation
A
The process by which businesses or other organization develop international influence or start operating on an international scale
3
Q
Multinational
A
Operates in more than one country eg. Apple
4
Q
Headquarters
A
Based in one country
5
Q
Trade protection
A
- tariffs
- subsidies
- quota
- embargo
6
Q
Advantages of protection
A
- protect infant industry
- prevent unemployment
- prevent dumping
- prevent overspecialization
