Globalisation Flashcards
globalisation meaning
Globalisation describes the process whereby the worlds economic society’s and cultures are becoming evermore interconnected
What is globalisation
Advances in air travel and transport, communications, internet and advertisement
What makes globalisation possible choose 4
Transport advertising communication and internet
What is a TNC
A transnational corporation is a company that branches in many countries
Where would a tnc headquarters usually be (LEDC OR MEDC)
Medc
How do tncs thrive
Through international operations and becoming recognisable names on the streets and screeens worldwide
Where do tncs have production (LEDC OR MEDC)
LEDC
What is a sweatshop
Workers are paid little for long hours in bad conditions
What is revenue
All the money a company makes
What is costs
Money spent
What is profit
Money gained
What do ledcs usually produce
Raw materials
What are some globalisation positives
Provides employment helps ledcs exploit there resources provides investment
Why would globalisation be bad
Some tncs are richer than LEDCS, sometimes don’t follow rules, if workers don’t work tnc goes elsewhere
