changing economic world - TNC's Flashcards
1
Q
globalisation
A
how the world is now all connected together
2
Q
inward investment
A
when a foreign company invests in a country
3
Q
transnational corporation ( multinational company)
A
large company’s with corporations in many countrys
4
Q
where does research and design (head offices) happen?
A
HIC’s
5
Q
where does manufacturing (factories) happen
A
LIC’s
6
Q
advantages
A
provides work, generates tax, improves transport links, costs less to manufacture
7
Q
disadvantages
A
low paid jobs and child labour, products not for locals, disrupts land,
8
Q
TNC
A
Transnational corporations
