end of year Flashcards
globalisation
the way the word is becoming more interconnected
good reasons for social media
instant and cheap communication and connection with the world
bad reasons for social media
fake news
causes of shrinking world
phones
internet
flights
cars
telephone
TNC
trans national corperation
how they work
headquarters in rich countries. manufacturing in poor countries
benefits of TNCS
brings in wealth
improved infrastructure
employment
development
problems with tncs
environmental issues
sweatshops
poor conditions
local companies driven out of business
nike case study
indonesia factory
Nike hours
up to 15 hours 6-7 days a week
Nike wages
65 p a day (one meal, drink and soap)
Nike rubbish
piled up - chemical fumes can cause cancer
Nike workers homes
9x9 ft cement. no funiture. hot
Trade
the action of buying and selling goods and services
fair trade
trade between companies in developed countries and producers in developing countries in which fair prices are paid to the producers