Globalisation Flashcards
What does globalisation involve?
Movements of people (migration including knowledge and culture)
Trade (including products mostly through multinational corporations)
What are some TNC?
Adidas
Apple
K-Swiss
Kit Kat
Sky sport
Coca-cola
Burger King
Subway
KFC
MSN Messenger
What is trade?
Buying and selling goods (physical products) or services (doing work for someone)
What are TNC’s?
Trans-National Corporation- a company that operates in several countries. It may have a headquarters in one country, a factory in another and shops in many other countries.
What is foreign investment?
When a company or country invests in projects abroad. EG a US based company may build a factory in China and spend some money improving the transport network there.
What is labour?
To work, especially physical work.
What is development aid?
Money or goods or help given to a country to help them make improvements to their country. EG providing money and training for a community to build a new school.
What are economic blocks?
Agreements where groups of countries agree to reduce taxes for goods and services traded between those countries. This means that it is cheaper to buy and sell products or services in the countries participating in the agreement.
What is transport?
Carrying people or goods from one place to another by a vehicle, aircraft or ship.
What are information technologies?
Systems for sending, storing and receiving information.
What are factors that have accelerated globalisation?
TNC’s
Communications
True or false cheaper imports of manufactured goods keeps the cost of living down in the home country
True
True or false pollution from manufacturing damages the environment in the host country
False
True or False more efficient industries mean higher profits for the TNC
True
True or false Jobs created in manufacturing in the host country. This means people can learn new skills and earn money.
True
