Globalisation And TNCs

Question 1

What is Globalisation?

Answer 1

The process where businesses develop and run products easier around the world,they also communicate and have influence on the world.

Question 2

Globalisation and TNCs

Answer 2

Companies that work in more than one country are called Trans-National Corporations.Nike is an example of globalisation as it communicates and influences the world.

Question 3

Positive effects of Globalisation

Answer 3

Causes more jobs:this makes the GDP higher and develops the economy,also the government benefits as they can rise the taxes.
Multiplier effects-Economies of scale:TNCs not only provide jobs for people working in their company but to other people like architects because the new people working there need basic things like a house.
TNCs can make countries MEDCs.
Branches also reduce pollution as there is less transportation

Question 4

Negative effects of Globalisation

Answer 4

If TNCs move form a MEDC to an LEDC many people loose their job,and eventhough other people get it they get exploit and paid really low wages.Deforestation is also a problem as the increase of building factories destroys the animals habitats