Globalisation Flashcards
Globalisation describes the ? of economies, industries, markets, cultures and policy-making around the ?
Integration.
World.
Transnational ? have been key to the development of the ? ? The size of these businesses means the range of their ? extends from national governments to child workers in developing countries.
Corporations.
Global economy.
Stakeholders.
Manufacturing jobs in the ? have often been “?” to lower-wage countries in the developing world.
West.
Lost.
“Globalisation, more than anything else, has ? the number of extreme poor in Indian by 200 million and China by 300 million since ?” (Jeffrey Sachs).
Reduced.
1990.
After moving production to ?-? countries, consumers have benefitted from cheaper products, fuelling a ? ?
Low-wage.
Consumer culture.
Transnational corporations that started ? in the US have been ? by the people who used to make their products for them, with those left behind by ? feeling abandoned.
Business.
Criticised.
Globalisation.
Whilst global business has the power to bring ? to poorer countries, these countries have often had ? government regulations, allowing ? working conditions.
Investments.
Weak.
Unsafe.
On 24th April ?, a poorly-made Bangladeshi factory (Rana Plaza) collapsed, killing over ? and injuring 2500 people. The day before, shops on the ground floor were closed after cracks appeared in the building, but ? workers were ordered to return to work; some were threatened with being docked a month’s pay if they didn’t go back.
2013.
1100.
Garment.
A series of allegations were made:
- The reason workers were ordered to go back was because factory owners were under ? to fulfil their contracts with transnational corporation ? companies.
- The Rana Plaza had been converted into a factory and the extra unauthorised ? had been added because the corporation would only give contracts to businesses that could meet large orders for the ? prices.
- Transnational ? hadn’t spent the proper amount of time or money making sure that their ? were providing reasonable working conditions.
Pressure. Clothing. Floors. Cheapest. Corporations. Suppliers.
Transnational corporations also sometimes help to ? business ethics in the countries they operate in, and international reactions to disasters can lead to these ? being pressured into accepting corporate social responsibility for more of their ?
Improve.
Corporations.
Stakeholders.
Pressure on ? ? in Bangladesh as a result of the disaster meant health and safety inspections for all buildings used for ?, with 35 unsafe factories being ?
City authorities.
Manufacturing.
Closed.
