Globalisation and the UK Flashcards
1
Q
What is globalisation?
A
The process by which the world i becoming increasingly interconnected as a result of trade and cultural exchange
2
Q
What are the impacts of globalisation?
A
- Companies produce in other countries - cheaper for the main country
- Loss of jobs in main country but growth jobs in a disadvantaged country
- Climate change - exporting goods produce carbon dioxide
3
Q
What are TNC’s?
A
Companies that trade in more than one country
4
Q
What has privitisation done to the number of TNCs?
A
Increased
5
Q
Why are TNC’s important to the UK economy?
A
- Increases globalisation
6
Q
What is the Northern Powerhouse?
A
- Potential to drive the economy of northern england
