Globalisation Flashcards
Globalisation def
The process by which the world is getting increasingly interconnected
Globalisation key aspects
- Increase in independence and communication between countries
- Manufacturing goods and services are international
- People, culture, money goods and information can be transferred between countries with few or no barriers
3 positives of social media
- Instant connection with family/friends
- Can see views/opinions across the globe
- Can be used to promote businesses/make money
Causes of shrinking world (3)
- social media
- planes
- Cars /roads
Impacts of shrinking world
- Instant global contact (no delay)
- Faster travel
TNC def
A transnational company (TNC) is a large corporation that operates in several countries
How do TNCs work
They often have factories in countries that are not as economically developed
Benefits of TNCs
Problems with TNCs
Nike case study info
Why do countries trade?
Which countries trade what?
Role of shipping container
How trade is unfair
Aid def
The movement of money and/or resources from one place to another in order to help the receiver
Types of aid (12)
Emergency aid: given at times of dire need
Non-governmental organisation: independent charity
Long term aid: provides support over a long period
Food aid: giving food
Bilateral aid: from one country to another
Tied aid: must be used to buy goods from the country giving aid
Multi-lateral aid: given by a number of countries
Short-term aid: provides support for a short time
Voluntary: money collected from the public
Sustainable development: meets the needs of people today + doesn’t harm future generations
Top down development: development projects imposed in people from ‘above’
Bottom up development: development projects that start from the ‘grass-roots’ level
How fair trade works
Gives workers a fair price for their goods, gives them a guaranteed minimum price, improves working and living conditions for workers, gives power to the workers
Why is fair trade necessary
To make sure people are not exploited or scammed for their goods
Reason for millennium development goals
To achieve a better and more sustainable future for everyone
Have millennium development goals worked
