Advantages and Disadvantages Flashcards
Good:
The world’s rich tend to (1) the world’s poor which reduces (2)
Employ
Poverty
TNCs are more powerful than (1) which increases (2) but reduces (3)
National governments
Investment
Opportunity for local businesses
New (1) services are available e.g. Facebook which improves (2)
E and I
Connections
Capitalism has spread to (1) which reduces (2) and may cause cultural (3)
Former communist countries
Equality
Erosion
(1) markets have spread and so trade is easier
Free
National industries must compete with (1) which is less profitable for (2)
TNCs
National economy
(1) protect workers from (2)
Unions
Exploitation
Most investment in many countries is (1) which reduces local (2)
Foreign direct investment
Economic profit potential
Fair trade has mobilised against (1) which encourages (2)
Global food corporations
Equality
(1) people a year left Europe after 1900 resulting in global (2)
1 million
Population imbalance
(1) cables allow financial transactions to occur faster which empowers (2)
Submarine
Hackers
Governments are more cautious about (1) e.g. Australia criteria for visas
Immigration
Domestic (1) teams are commonly formed of foreigners which reduces (2)
Football
Authenticity and national talent
In the EU, migrant works can have more than one (1) which is (2)
Vote
Unfair