Geography Term 1 Flashcards
What is Globilisation?
Globalization refers to growth and the spread of idea, business, culture, and good on a global or worldwide scale, making the world more interconnected. Or for short, the interconnectedness of the world.
What is a TNC
TNC – A transnational cooperation that operates in more than 1 company. The company’s headquarters will be in 1 country, and it will have many branches around the world. (E.g., Nike)
What is Fast fashion
Fast Fashion – The term fast fashion is meant by cheap clothing produced quickly and sold by large mass-market retailers to respond to the latest fashion trends.
What is the term fashion victim defined as
Fashion Victim – The term fashion victim is used to identify a person who is easily influenced by fads, materialism, and excess of fashion.
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What is a leakage
Leakage – The process in which profits made by a country are taken out of the manufacturing countries and sent back to the country of origin
What is a footloose
Footloose – Name given to an industry that can be placed and located in any location
What is the multiplier effect?
Multiplier effect – The process where initial investments and jobs lead to a knock-on effect
What is interdependence
Interdependence – The relationship between 2 or more countries, usually in terms of the goods or produce they trade
What is a call centre
Call centre – A call centre is an office where groups of people answer telephone queries from customers. Employees use a computer to give them information that helps them answer questions.
What are some advantages of Nike as a TNC
- Source of Money
- Cheap labour costs, costs less
- Improved education and skills for the workers
- Jobs provided for LEDC countries
- Better economic base for LEDC governments because unemployment levels drop
- Areas of wasteland were once an ugly ‘eyesore’, but now look much nicer than they did before because of the buildings
What are some dsiadvantages of Nike as a TNC
- Poor wages, bad living conditions
- Open sewers, vulnerable to disease, dirty water, etc
- Compact housing
- Forced to work overtimes just to get by (15hrs a day, 7 times a week)
- Lots of materials go to waste
- They burn scrap shoes which gives of toxic fumes effecting children, and the environment
- Severe harassment, or even death threats, injustice
Tell me about Nike (Nike case study)
HQ Location: Oregon, USA
No. of employees globally: 800,000
No. of employees in Asia: 500,000
Manufacturing location: Taiwan, S-Korea, Chine, Indonesia, Vietnam, Philippines and Bangladesh
What was the Rana Plaza
A garment factory/sweatshop
Tell me about the Rana Plaza incident. How many died? What happened? Why?
- Rana Plaza was a garment factory in Bangladesh
- It was built for shops and offices but instead used as a garment industry
- It houses 100s of workers and heavy equipment
- In 2013 the 8-story building collapsed
- 1130 people were killed
- 2500 people rescued alive, but many were injured