Globalisation Flashcards
What are the five dimensions of globalisation?
Flows of Services
Flows of labour 
Flows of capital 
Flows of information
Flows of product 
What are the six factors of globalisation?
Technology and relationships
, financial systems,
trade agreements,
transport and communication
management and information
security
What is the anagram for dimensions of globalisation?
I can’t protect silly lizards
What is the anagram for factors of globalisation?
Told Tim to forget, silly Memes
Who is the global trade system governed by.
World Trade organisation 
Explain what is meant by interdependence in globalisation
The reliance on other countries to meet their needs
What is the purpose of a trade block?
To reduce tariffs and barriers to make trade more easy between certain countries
Give an example of to trade blocks
The European Union and the North American Free Trade Agreement
Explain what is meant by an SDT and what is the purpose
Less developed countries are given special and differential treatment agreements which gives them greater access to markets
What is a TNC?
A transnational corporation that produce cell or are located in two or more countries
What two ways can TNCs expand their operations to gain more control over their markets?
Vertical integration – when I company takes over part of its supply chain
Horizontal integration – when a company emerges with another company at the same stage of production 
Explain what is meant by global marketing
Create a brand that is recognised globally, and sold to one global market
What is meant by global governance?
A global institution that creates laws, or norms to promote growth or stability
When was the UN set up and what is its purpose?
1945 and to establish a peaceful and fair world
How many members does the UN have?
193