Globalisation Flashcards

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1
Q

What is globalisation

A

How interconnected the world is

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2
Q

What are the key aspects of globalisation?

A
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3
Q

What is TNC

A

A Trans national Corporation
HQ in a HIC but operate in other countries too

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4
Q

What is trade?

A

Selling and buying goods from other countries

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5
Q

What is Aid?

A

Assisting other countries by giving money or resources

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6
Q

What is import?

A

shipping a product INTO a country so it can be used / sold

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7
Q

What is Export

A

Sending a product made in your country to another country

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8
Q

Why have containers been so important in increasing globalisation?

A

Quicker transport times and lower costs means cheaper products for consumers and bigger profits for companies

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9
Q

What does Interdependence mean?

A

Countries rely upon each other to provide goods / services.

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10
Q

What is Primary Industry?

A

Type of employment - the extraction of raw materials - Farming or Mining.

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11
Q

What is Secondary Industry?

A

Manufacturing. Turning those raw materials in to a new product. Often in factories.

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12
Q

What is Tertiary Industry?

A

Type of employment that is high paid and focussed on delivering services such as medicine or education.

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13
Q

What is Inequality in Millennium Development goals?

A

Low paid workers mean that big companies can make bigger profits.

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14
Q

What does MDG mean?

A

Millennium Development Goals

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15
Q

What are Millennium Development Goals?

A

15 targets created by the UN to improve equality around the world.

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16
Q

General points about TNCs:

A

Large corporation operating in several countries

Headquarters usually in a HIC

Factories in LICs

Big name brands

17
Q

What are the positives of TNCs?

A

Cheaper labour in LICs means cheaper product for consumer and bigger profits

More choice for the consumer

Brings business and employment to LICs which in turn leads to improvements in that area

18
Q

What are the negatives of TNCs?

A

Low pay for worker - often NOT a living wage

Poor working conditions

Pollution

Loss of jobs in HICs as factories are based in LICs where labour is cheaper

19
Q

Name 2 countries which export a lot of manufactured goods?

A

China
USA

20
Q

Give 2 reasons why the UK imports manufactured goods:

A

Materials may not be available here

Products will be cheaper if manufactured in LICs

21
Q

Explain why China imports raw materials

A

To manufacture goods they may not have all the materials available.
Manufacturing goods requiring many different components which need to be sourced from other countries

22
Q

Give 3 reasons why research and services are based in HICs

A

Better infrastructure

Better / more established higher education means a better skilled workforce

Economic stability and higher standard of living attracts talented workforce and investment

23
Q

Types of Aid:
What is bi-lateral aid?

A

Aid given directly from one country to another

24
Q

Types of Aid:
What is Emergency / short term aid?

A

Aid given quickly at times of war or natural disaster

25
Q

Types of Aid:
Tied

A

Aid that must be used by the receiving country to buy goods / services from the donor country

26
Q

Types of Aid:
Bottom up

A

Development work that starts work at the ‘grass-roots’ level

27
Q

What is Fairtrade?

A

Organisation ensuring workers in the poorest nations get a fair price for their products to improve their lives and communities

28
Q

How does Fairtrade help farmers in poorer countries?

A

A fair and stable price for their products

They can sell direct to maximise their profits

A stable income can provide better opportunities for their families

The farmers fair-trade premium allows them to improve communities with investment in wells, hospitals, equipment of switching to organic farming

29
Q

What can you remember about NIKE?

A

They are a TNC with headquarters in USA (HIC)

They have many factories across the world in LICs

hey can produce their products cheaper

Low paid workers mean bigger profits

They workers at the factories they contract to are low paid and work in poor conditions

Not a living wage - often can’t afford food or medicine
$1.25 a day

Kids sometimes work in th factories - child labour - which means they are not getting an education

There were job losses in USA when they moved manufacturing to LICs

Negative impact on the environment. Pollution and waste is burned .