globalisation

Question 1

TNC

Answer 1

A Trans-National Corporation (TNC) or Multinational Corporation MNC is a business that is based or registered in one country but has outlets/ affiliates or does business in other countries.

Question 2

what is globalisation?

Answer 2

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

Question 3

what is glocalisation ?

Answer 3

the practice of conducting business according to both local and global considerations.

Question 4

what is cultural diffusion ?

Answer 4

the spreading out and merging of pieces from different cultures

Question 5

what is FDI ?

Answer 5

a category of cross-border investment in which an investor resident in one economy establishes a lasting interest in and a significant degree of influence over an enterprise resident in another economy.

Question 6

what is trade bloc ?

Answer 6

groups of countries that establish rules for trade between all participating countries

Question 7

what is world trade organisation ?

Answer 7

the only global international organisation dealing with the rules of trade between nations

Question 8

what is a NGO ?

Answer 8

a non-profit organisation that operates independently of any government, typically one whose purpose is to address a social or political issue

Question 9

what is liberalisation ?

Answer 9

the removal or loosening of restrictions on something, typically an economic or political system.

Question 10

what is KOF

Answer 10

is a measure that rates globalisation in countries around the world. ( 3 sectors , economic , social and political)

Question 11

what is 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

what is AT kearney index ?

Answer 12

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

Question 13

what is global hubs ?

Answer 13

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

Question 14

what are mega cities ?

Answer 14

a very large city, typically one with a population of over ten million people.

Question 15

what is economic migration ?

Answer 15

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

Question 16

what is diaspora ?

Answer 16

a group or community that has moved from their homeland and live in a different country

Question 17

what is deindustrialisation ?

Answer 17

the reduction of industrial activity or capacity in a region or economy.

Question 18

what is cultural erosion ?

Answer 18

The reduction of a culture due to globalisation.

Question 19

what is containerisation ?

Answer 19

a system of inter modal freight transport using inter modal containers

Question 20

what is china’s open door policy ?

Answer 20

a policy between China, the US, Japan, and several European powers that stated each of those countries should have equal access to Chinese trade.

Question 21

what is offshoring ?

Answer 21

the relocation of business activities from the home country to a different international location

Question 22

what is outsourcing ?

Answer 22

obtaining key products from alternative, cheaper locations - often abroad - than original home-sources.