Costs and benefits of globalisation 😊 Flashcards
1
Q
Case study for effects of globalisation?
A
India
2
Q
Reasons for growth of globalisation?
A
English speaking majority- 1 billion speak it
Involved in offshoring
3
Q
Example of TNC in India
- what does it do?
- why did they move and when?
- what revenue do they gain?
A
Infosys technologies limited
- one of the largest software companies in India
- moved to Bangalore in 1983
- revenue of $4 billion
4
Q
What are the benefits of globalisation? X5
A
- new airport in Mumbai
- more jobs (half employees are Indian for ITL)
- focuses on graduates
- highly qualified professionals
- $40 a week minimum wage
5
Q
Costs of globalisation on people? X3
A
- call centre workers complain they are exploited
- time differences are an issue
- gap between rich and poor has widened
6
Q
Costs of globalisation on the environment?
A
- 70% of population in agriculture
- high amount of energy usage has brought pollution
7
Q
Case study for effects of globalisation?
A
China
8
Q
Reasons for growth of globalisation? X4
A
Open door policy
Receive a lot of FDI
SEZ’s
Low wage cost
9
Q
Example of TNC in china
A
Foxconn
Attracted by SEZ’s as they could attract foreign business
