Global Fashion Flashcards
1
Q
What is globalisation
A
The way goods, companies jobs information fashion are spread around the world more easily
2
Q
4 things that has helped speed up globalism and how
A
- Tv - adverts for brands, goods and services
- celebrity endorsements can influence buying patterns
- newspapers about live events
- tv shows -> spread of culture, knowledge of places and events - Phones and Internet - development of social media
- adverts built in (like in apps)
- communication between people and buisnesses
- news
- buy goods and services - Planes and transport - travel and tourism -> cheaper flights & better technology
- export and import goods -> increases trade
- businesses meetings and travel
- businesses out sourcing
- visiting friends and family - Shipping containers - can transport huge quantities of goods at lower prices -> increases production and gives companies larger profits
3
Q
What are TNCs
A
TRANS NATIONAL CORPORATIONS
- operate globally
- tend to have headquarters and management in their starting country and other factories are branches around the globe.
4
Q
Example of a TNC
A
NIKE
From the us
Have branches all over globe -> mostly in LEDCs
5
Q
Negative impacts of TNCs in LEDCs
A
- takes over local businesses -> difficult to develop industry with the competition from TNCs
- forced to work with low wages , exploited
- no health risks taken into account
- pollution -> rivers and water supply
- child labour
- ruins country’s culture
- more profits from one country to another to avoid paying tax
- TNCs are much richer than local government so can do what want
6
Q
Positive impacts of TNCs on LEDCs
A
- breaks poverty cycle
- women can work -> empowering
- boost of brand reputation by aid projects
- bring jobs to LEDCs
- give people a variety of goods to choose from
- connect different countries together
- brings new technology to LEDCs
- wages help economy
