Globalisation Flashcards
1
Q
Globalisation
A
becoming more integrated through technology and economic factors leading to an interconnected world
2
Q
Outsourcing
A
Companies that hire third-party organisations to carry out overseas work
3
Q
Special and differential treatment
A
exempts NEEs from the same strict trade rules and disciplines of HIC
4
Q
TNC
A
large conglomerate company that has stores/factories set up in other countries, with no centralised management system
5
Q
Global Commons
A
an area which no country owns, but its regulated externally
6
Q
FDI
A
foreign direct investment - flows of money and resources
