GSAGG: Globalisation

Question 1

Define Globalisation:

Answer 1

The increasing interdependence between countries through flows e.g. capital, trade, goods, services, cultures

Question 2

How are TNCs developing through globalisation?

Answer 2

• Trade products internationally
• Use international outsourcing and offshoring to lower costs.

Question 3

Define acquisition:

Answer 3

A transaction where a TNC buys another company in order to expand (usually a smaller company)

Question 4

Define Asylum seeker:

Answer 4

People who have left their country and are seeking asylum in another (waiting to be granted residency and to become a refugee).

Question 5

Define a core region:

Answer 5

Wealthier developed countries that benefit and control global markets.

Question 6

Define cultural diffusion:

Answer 6

The spread of cultural beliefs and social activities into different cultures.

Question 7

Define cultural erosion:

Answer 7

The reduction of a culture due to globalisation.

Question 8

Define Cumulative Causation:

Answer 8

As the core regions increase in development, so do periphery regions (due to their links with the core).

Question 9

Define deindustrialisation:

Answer 9

A reduction in industrial capacity, leading to social and economic change within a region.

Question 10

Define Dispora:

Answer 10

People displaced from their homeland, voluntarily or forced.

Question 11

Define downward transition zones:

Answer 11

A country or city with predicted economic decline