Globalisation, Aid and Trade Flashcards

1
Q

What is a TNC

A

Multinationals company

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2
Q

TNC’s are

A

The driving force behind globalisation

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3
Q

Globalisation…

A

Describes the process whereby economies, society’s and cultures become evermore interconnected.

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4
Q

Name four factors to the rise of globalisation

A

Technological advances
Contemporary communication
Commerce
Advertising

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5
Q

Where are TNC headquarters usually based

A

Medc’s

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6
Q

Where are TNC factories normally based

A

LEDC’s

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7
Q

What are the advantages of factories being located in LEDC countries

A

Reduced labour and raw material costs

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8
Q

What percentage of goods does Kenya import that are from Europe

A

45%

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9
Q

What goods do Kenya need to import

A

Electrical goods

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10
Q

Why does Kenya need to import electrical goods

A

Because most of the country is covered by farmland.

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11
Q

What is aid

A

Aid is the giving of resources by one country or organisation to another country

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12
Q

Name three types of aid

A

Money (given or loaned)
Expertise (people such as engineers, doctors or teachers)
Goods (food, technology, equipment such as tents or blankets)

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13
Q

What does a TNC stand for

A

Transnational Corporation

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14
Q

What is aid

A

The giving of resources by one country or organisation to another country.

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15
Q

Give 3 examples of aid

A

Money
Expertise
Goods

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16
Q

What is an example of expertise

A

Engineers, doctors, teachers

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17
Q

What is an example of goods

A

Food, technology, equipment such as tents or blankets

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18
Q

What is multilateral aid

A

Lots of governments give money to world organisations such as the UN, who then give it to countries that need it.

19
Q

What is tied aid

A

When the country giving the money tells a country what to spend it on.

20
Q

What is voluntary aid

A

When charities, such as comic relief, receive money from the public and use it to organise aid programmes.

21
Q

Where is the river Volta located

A

Ghana

22
Q

What American company had the right to use the electricity

A

Valco

23
Q

What problem does Ghana have

A

A water problem

24
Q

Which was more successful the dam or the wells

A

The wells as everyone in Ghana benefitted

25
Q

Why was the dam not successful

A

Many local people did not benefit at all

26
Q

Name 1 major driving force of globalisation

A

Business

27
Q

While all companies begin locally, some ……..

A

Expand far beyond their origins

28
Q

What does TNC stand for

A

Transnational Corporations

29
Q

What is another name for a TNC

A

Multinationals

30
Q

Multinationals become recognisable names on

A

Streets and screens worldwide

31
Q

Give an example of a oil and petrol TNC

A

To pas

32
Q

Give an example of a car manufacturing TNC

A

Ford

33
Q

Give a computer producer TNC

A

Microsoft

34
Q

Name a fast food TNC

A

McDonald’s

35
Q

Give a soft drinks TNC

A

Coca Cola

36
Q

Give a sports shoes TNC

A

Nike

37
Q

Why do tncs move factories to to LEDC countries

A

Wages are lower

38
Q

Give an example of how you can be connected to a TNC

A

By wearing some of their product (eg Nike shoes)

39
Q

Globalisation is helped by

A

Transportation
Trading
Communication
Advertising

40
Q

What is the formula for a businesses money

A

Revenue - cost = profit

41
Q

What is a disadvantage to globalisation

A

Harbours so called ‘sweatshops’

42
Q

What has been a prime motive to seek out new shores

A

Economic gain

43
Q

The ….. phenomenon of globalisation continues this process

A

Complex

44
Q

Sweatshops have

A

Unsafe conditions