Globalisation😭 Flashcards
why so many?🥲
What is globalisation?
the increasing connections between people and places across the planet
What causes Globalisation?
with the development of technology and transport
Is globalisation a good thing?
there are bad things and goods e.g better economy better socialization for people and natural world impacts Bads: pollution
What are LICs, NEEs and HICs?
Low Income Countries Newly Emerging Economies High Income Countries
How has globalisation affected global trade?
Companies like Disney, Samsung and Apple have become more reliant on technology and digital entertainment
What are TNCs?
Transnational corporations
usually owned by rich countries
What are sweatshops?
factories in NEEs which make their workers make our products in poor conditions
What are food miles?
the distance the food has travelled
What is Fairtrade?
This means that the producer of the food e.g. coffee beans receives a guaranteed and fair price for their product regardless of the price on the world market
HIC
high income country
LIC
low income country
NEE
newly emerging economy
TNC
transnational cooperation
Sweatshop
Sweatshop A factory in a NEE which makes goods to be sold globally. Conditions for workers are not very good.
Food Miles
Food miles Measure the distance food products travel, from their country of origin to the consumer’s table.
