economic world Flashcards
what does TNC stand for?
transnational corporation
why might TNC’s locate in foreign countries?
- cheap labour
- speak English
- tax incentives
- lack of environmental laws.
advantages for TNC’s
- create jobs
- helps develop more skilled workforce through training opportunities
- lowers crime rates as people has stable jobs
disadvantages of TNC’s
- local workers are sometimes poorly paid compared to TNC employees in other countries.
- much of the profit generated goes abroad
- workers can be exploited in terms of working conditions.
what is an example of a TNC in Nigeria?
shell
give 1 advantage to shell being in Nigeria?
- provides direct employment for 2700 people and 9000 contractors of whom 97% are Nigerian
definition of development
a process of growth or positive change.
definition of the development gap
the difference in standards of living between the worlds richest & poorest countries.
name 8 development indicators
1) gross national income (GNI)
2) birth rate
3) death rate
4) infant mortality
5) life expectancy
6) literacy rate
7) population per doctor
8) human development index (HDI)
describe gross national income
total value of goods and services produced by a country
describe birth rate
number of births each year per 1000 of total population
describe death rate
number ion deaths each year per 1000 of total population
describe infant mortality
number of babies that die under the age of 1 each year per 1000 live births
describe life expectancy
average number ion years a person is expected to live
describe literacy rate
percentage of people in a country that have basic reading and writing skills.
