Globalisation, Aid and Trade Flashcards
What is a TNC
Multinationals company
TNC’s are
The driving force behind globalisation
Globalisation…
Describes the process whereby economies, society’s and cultures become evermore interconnected.
Name four factors to the rise of globalisation
Technological advances
Contemporary communication
Commerce
Advertising
Where are TNC headquarters usually based
Medc’s
Where are TNC factories normally based
LEDC’s
What are the advantages of factories being located in LEDC countries
Reduced labour and raw material costs
What percentage of goods does Kenya import that are from Europe
45%
What goods do Kenya need to import
Electrical goods
Why does Kenya need to import electrical goods
Because most of the country is covered by farmland.
What is aid
Aid is the giving of resources by one country or organisation to another country
Name three types of aid
Money (given or loaned)
Expertise (people such as engineers, doctors or teachers)
Goods (food, technology, equipment such as tents or blankets)
What does a TNC stand for
Transnational Corporation
What is aid
The giving of resources by one country or organisation to another country.
Give 3 examples of aid
Money
Expertise
Goods
What is an example of expertise
Engineers, doctors, teachers
What is an example of goods
Food, technology, equipment such as tents or blankets
What is multilateral aid
Lots of governments give money to world organisations such as the UN, who then give it to countries that need it.
What is tied aid
When the country giving the money tells a country what to spend it on.
What is voluntary aid
When charities, such as comic relief, receive money from the public and use it to organise aid programmes.
Where is the river Volta located
Ghana
What American company had the right to use the electricity
Valco
What problem does Ghana have
A water problem
Which was more successful the dam or the wells
The wells as everyone in Ghana benefitted
Why was the dam not successful
Many local people did not benefit at all
Name 1 major driving force of globalisation
Business
While all companies begin locally, some ……..
Expand far beyond their origins
What does TNC stand for
Transnational Corporations
What is another name for a TNC
Multinationals
Multinationals become recognisable names on
Streets and screens worldwide
Give an example of a oil and petrol TNC
To pas
Give an example of a car manufacturing TNC
Ford
Give a computer producer TNC
Microsoft
Name a fast food TNC
McDonald’s
Give a soft drinks TNC
Coca Cola
Give a sports shoes TNC
Nike
Why do tncs move factories to to LEDC countries
Wages are lower
Give an example of how you can be connected to a TNC
By wearing some of their product (eg Nike shoes)
Globalisation is helped by
Transportation
Trading
Communication
Advertising
What is the formula for a businesses money
Revenue - cost = profit
What is a disadvantage to globalisation
Harbours so called ‘sweatshops’
What has been a prime motive to seek out new shores
Economic gain
The ….. phenomenon of globalisation continues this process
Complex
Sweatshops have
Unsafe conditions
