Globablistion Flashcards
Why has globalisation sped up?
Due to development in technology, transport, communication, culture and travel.
NIC
newly industrialised country: a country which has developed quickly
Which countries have developed quickly?
India, China and Indonesia
RIC
Recently industrialised country
Which counties have developed recently?
India and China
BRIC
Brazil, Russia, India and china - countries who are developing quickly
Asian tigers
South Korea, Singapore, Indonesia and Hong Kong - 4 countries who developed quickly in the 1980s/90s
Primary
a job that involves taking a natural resource from earth e.g
coal mining, fishing and farming
Secondary
a job that is manufacturing something e.g seamstress, car production, steel production
Teritary
a job in the service sector providing a ‘service’ for somebody e.g teacher, chef, office worker, nurse, shop worker and a mechanic
Quaternary
a highly skilled job that involves ict or research and development e.g computer programme, research scientist
TNC
transnational company - companies that operate in two or more companies e.g nike, BT, Disney and Apple
Why have TNCs developed quickly?
human factors: large population to be workers, people are educated, good relationships with other counties to trade with them
Physical factors: good location to trade, close to coast; can transport goods easily, doesn’t suffer from natural hazards; earthquakes
How have TNCs helped spread the globalisation by investing in other counties?
Wages in NICs are lower; TNCs save money
Some counties don’t have strict health and safety standards, so TNCs can save money by working people harder
More customers to sell too
Advantages of TNCs?
People in developing countries get jobs.
Investing in a developing country might improve the natural environment.
TNCs help a country develop as the wages get spent on the local area and improves health
