Globalisation Flashcards
Where would a traditional clothing industry like to be located?
The location of the traditional clothing industry’s factory was determined by
• the availability of transport
• the nearness of:
• raw materials
• power sources
• workers
• markets for its goods.
Where does the modern fashion industry like to be located?
They have offices and factories all over the world.
They would have their headquarters in developed countries and their factories in developing countries.
What is one major economic benefit of having a stadium in a town or city?
Increased local revenue through tourism and events.
True or False: Stadiums can lead to increased traffic congestion in surrounding areas.
True
Fill in the blank: One potential negative impact of stadiums is the __________ of public funds for construction.
misallocation
What is a common argument against building a stadium in a residential area?
Noise and disruption to local communities.
Multiple Choice: Which of the following is NOT a potential benefit of having a stadium? A) Job creation B) Increased crime C) Community pride D) Economic growth
B) Increased crime
What is a transnational corporation (TNC)?
A transnational corporation (TNC) is a company that operates in multiple countries, managing production or services in more than one nation.
True or False: Transnational corporations can influence local economies and politics.
True
Fill in the blank: TNCs are often criticized for their impact on _____ and _____ in host countries.
labor rights, environmental standards
Which of the following is a key characteristic of transnational corporations? A) Local focus B) Global operations C) Limited market reach
B) Global operations
Name one advantage that transnational corporations have over local companies.
Access to larger capital resources and markets.
