Globalisation

Question 1

TNC

Answer 1

transnational corporations

Question 2

Globalisation

Answer 2

the process by which businesses or other organisations develop international influence or start operating on an international scale.

Question 3

Glocalisation

Answer 3

when an international corporation modifies some of its offerings in order to accommodate local consumer tastes or preferences.

Question 4

cultural Diffusion

Answer 4

the spreading out and merging of pieces from different cultures.

Question 5

FDI

Answer 5

foreign direct investments

Question 6

Trade Bloc

Answer 6

a type of intergovernmental agreement, often part of a regional intergovernmental organisation, where barriers to trade (tariffs and others) are reduced or eliminated among the participating states.

Question 7

World trade organisation

Answer 7

an intergovernmental organisation that regulates and facilitates international trade.

Question 8

NGO

Answer 8

Non-governmental organisation

Question 9

Liberalisation

Answer 9

broad term that refers to the practice of making laws, systems, or opinions less severe, usually in the sense of eliminating certain government regulations or restrictions

Question 10

KOF

Answer 10

a score each country is given out of 100, the higher the number the more Globalised the country is considered to be.

Question 11

AT Kearney Index

Answer 11

an annual survey of global business executives that ranks the markets likely to attract the most investment in the next three years.

Question 12

Global Hubs

Answer 12

A settlement or wider region that provides a focal point for activities that have a global influence.

Question 13

Megacities

Answer 13

a city with more than 10 million inhabitants

Question 14

Economic Migration

Answer 14

the movement of people from one country to another to benefit from greater economic opportunities in the receiving country.

Question 15

Diaspora

Answer 15

spread of a people from their original homeland

Question 16

Denationalisation

Answer 16

the action of changing an industry from being owned or controlled by the government of a country to being privately owned

Question 17

Cultural Erosion

Answer 17

the process of a civilisation, group or organisation losing its core elements — often because of new elements taking their place.

Question 18

Containerisation

Answer 18

a type of visualisation in which all the components of an application are bundled into a single container image and can be run in isolated user space on the same shared operating system.