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geog paper 2 > Globalisation EQ1 > Flashcards

Globalisation EQ1 Flashcards

1
Q

KOF index?

A

ECONOMIC- flows of trade/FDI
SOCIAL- personal contact/ cultural proximity
POLITICAL- political cooperation

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2
Q

AT Kearney index?

A

ECONOMIC INTEGRATION
PERSONAL CONTACT
POLITICAL ENGAGEMENT
TECHNOLOGY CONNECTIVITY

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3
Q

Offshoring?

A

Basing some of a company’s processes/production overseas to take advantage of lower costs

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4
Q

Outsourcing?

A

A firm contracting another company for goods or services (e.g. obtaining raw materials)

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5
Q

Economically switched off regions?

A

Do not trade beyond immediate region eg amazon tribes

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6
Q

Politically switched off regions?

A

North Korea has avoided political engagement to maintain a pure culture

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7
Q

Physically switched off regions?

A

Sahel region in Africa, desert region and landlocked

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7
Q

TNC advantages?

A

-lower cost of labour
-more jobs in host nation
-investment into host nation
-improves technology and skillsets in host

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8
Q

TNC disadvantages?

A

-networks are vulnerable
-economic dependency on TNC
-economic restructuring in home country, loss of jobs
-threats to local businesses

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geog paper 2 (9 decks)

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