Globalisation

Question 1

Give the definition and examples of globalisation

Answer 1

International scale business

Wealth is dependant upon trade in other countries
Outsourcing moves production
Transport

Question 2

What does the clarke fisher model show?

Answer 2

Shows the economic development of a country, with the primary, secondary, tertiary and quaternary sectors

Question 3

Explain the change from primary to tertiary

Answer 3

Pre-industrial - High primary, low tertiary and secondary

Industrial - Secondary peak, falling primary, rising tertiary

Post - industrial - Low primary and introducing quaternary, high tertiary, lowering secondary

Question 4

What can a change through the Clarke fisher model bring?

Answer 4

Better working conditions

Increase in pay and income

More formal jobs

Question 5

Name and explain 3 global institutions

Answer 5

WTO : World trade organisation : Persuades countries to remove tariffs and quotas

IMF : International Monetary Fund : Gives out loans to developing countries, like a world bank

TNC : Transnational corporation : An international business

Question 6

What is FDI

Answer 6

Foreign direct investment, when a country invests in a project of another country

Question 7

Explain how VW is globalised

Answer 7

HQ in Germany
Production in Europe
Expansion and part from Asia, Africa and South America