Geography - Globalisation Flashcards
What is a TNC?
A TransNational Corporation
What is Globalisation?
It makes the world more interconnected with each other
What are the benefits of Globalisation?
- It connects people with each other all around the world.
- It allows goods and capital to be transported easier all around the world.
- Saves costs
- Allows products to be exported and imported around the world
What are the negatives of Globalisation?
- Poor working conditions
- Diseases can be spread around faster
- Threats to the environment (due to pollution)
What does HIC stand for?
High income countries
What does LIC stand for?
Low income countries
What does NEE stand for?
Newly Emerging Economy
What is an example of a HIC?
Germany, USA
What is an example of a LIC?
Bangladesh, Ethiopia
What is an example of a NEE?
Nigeria, China
What does RMG stand for?
Ready Made Garment
What does fast fashion mean?
Where a clothing item is made quickly and with cheap materials and is sold in bulk to big fashion brands
What is an example of a big fashion brand?
Primark
What does fairtrade mean?
Trade between companies and producers in developed countries in which fair prices are paid to the producers
What are some examples of fairtrade products?
Coffee, Chocolate, Bananas
