Consequences of Trade TNCs on global systems Flashcards
Who are the main players of global systems?
Emerging economies, transnational cooperations, international organisations, regional trading blocs
How have the main players benefited from globalisation?
Developed via investment (in varying sectors)
Developed economy and trade
Grow in influence and power
What are the positive economic consequences in trade and TNCs in global systems?
Cheap imports
Food available all year round.
Variety for consumers
Employment
What are the negative economic consequences in trade and TNCs in global systems?
Offshoring and outsourcing- lack of industrial jobs in HICs.
What are the positive political consequences in trade and TNCs in global systems?
Increased access to markets
Weaken domestic monopolies from foreign competition
What are the negative political consequences in trade and TNCs in global systems?
Increased inequality within countries
Increased division - move to protectionism
TNC influence on politics
What are the positive social consequences in trade and TNCs in global systems?
Greater sharing of ideas
Access to range of new items
Awareness of global news and events
Globalisation
What are the negative social consequences in trade and TNCs in global systems?
Cultural homogeny
What are the positive environmental consequences in trade and TNCs in global systems?
Increased effort to protect environment due to pressure from consumers
What are the negative environmental consequences in trade and TNCs in global systems?
Increased transportation
Pollution
More waste (packaging)
More risk of invasive species and diseases
How does the food industry impact the SEEP factors?
Social - obesity + malnutrition
Economic - choice for cheap foods (UPF)
Environmental - deforestation, GM, chemicals
Political - trade wars
Give an example of a product that is used in globalisation?
Palm oil
What are the negative consequences of the palm oil trade on the environment?
Área 3x Switzerland - was rainforest, now palm oil plantations
How do TNCs present threats? (Example)
By having control and influence over vital areas.
China’s sovereign wealth fund has a stake in Thames water - some politicians argue for tighter controls. Threatening water security.
How is globalisation beneficial to Africa?
Oxfam 2002 report - Africa to increase world trade by 1% - earn further £49bn - 5x more than it received in aid.
