Globalisation Flashcards
Globalisation is the Process of Countries Becoming More ______________.
Integrated.
Every Country has its own Political and Economical __________ as well as its own ___________.
System…Culture…
Globalisation is the Process of all the World’s ____________ and Cultures Becoming More _____________.
Systems…Integrated…
Globalisation happens because of the Movement of ________ and People Between Countries, as well as Businesses Locating their Operations and __________ their Products in More Countries.
Money…Selling…
Reasons as to why Globalisation is Increasing?
- Improvements in ICT carrying more Information Faster.
- Improvements in Transport.
TNCs and Governments are ______________ Globalisation.
Increasing.
Transnational Corporations (____s) are Companies that Produce and Sell __________ and are Located in One or More Countries. Sony is a TNC.
TNC…Products…
TNCs Increase Globalisation by ___________ Together Countries through the Production and Sale of ________.
Linking…Goods…
TNCs Bring the Culture from their Country of __________ to many Different Countries, like Mcdonalds bring Western-Style Fast Food to other _____________.
Origin…Countries…
TNCs also Promote a Culture of ________________ - People in Developing and Emerging Countries see all the Products that People in ______________ Countries have.
Consumerism…Developed…
Governments Increase Globalisation by Promoting ______ Trade meaning its Much Easier to move Goods, Money and Services between _____________.
Free…Countries…
Governments Compete with Each Other to __________ Investments by TNCs.
Attract.
Governments Hand Over Services and Industries to Private ______________.
Companies.
Why are some Countries Benefitted from Globalisation?
- Large, Cheap Workforces.
- Lots of Cheap Raw Materials.
- Governments Open to Foreign Investment.
- Reasonable Infrastructure.
- Less Strict Environmental, Labour and Planning Laws.
- Available Land.
TNC Profits Normally Return to their ________________, which are Often in Developed Countries, and Poor Countries can Struggle to ____________.
Headquarters…Compete…
