Autumn Term 1 Flashcards
1
Q
What is globalisation?
A
The process by which the world is getting increasingly interconnected
2
Q
Name some ways the uk is connected to the rest of the world
A
Government,resources,news,internet,travel systems
3
Q
What does the term the shrinking world mean
A
A time space compression where globalisation has made the world feel smaller and more connected than ever before
4
Q
Why does the world feel smaller?
A
Cost ease, speed of transport, social media etc.
5
Q
What is a TNC?
A
A large company that operates in several countries.
6
Q
Name some TNCs
A
Nike,adidas,primark,apple
7
Q
Why do TNCs go global?
A
- Low labour costs
- Cheaper land or building costs
- Low tax rates
8
Q
What are the 4 employment sectors?
A
- Primary- fishing, mining
- Secondary- builder, manufacturer
- Tertiary- dentists,teachers
- Quaternary- scientists, researchers
