Globalisation Problems Flashcards
1
Q
What is globalisation
A
The way in which countries are becoming linked by trade, ideas and technology
2
Q
What does globalisation mean
A
Decisions taken in one country can affect other countries because of if Improvements in transportation and the spread of global communications
Countries are increasingly independent because they need to trade with each other
3
Q
What problems can arise in search for low labour costs
A
Sweatshops
MNC will move on as soon as low labour costs are found
Unemployment in MEDC’s
4
Q
Why are labour costs significant for MNC’s
A
Lowering costs will help increase profit
