Human Geography Globalisation

Question 1

What is globalisation?

Answer 1

Globalisation is the process by which businesses or other organisations develop international relations, Influence or start operating on an international scale.

Question 2

What is outsourcing?

Answer 2

Outsourcing is obtaining goods and services from an outside supplier by sub contraction.
For example Apple has its displays made by Foxconn.

Question 3

Define external income

Answer 3

External income is money coming into a country from another country, often because of the leakage effect being present in the country that the money is coming from.

Question 4

Explain the leakage effect

Answer 4

The leakage effect is when money created within a country leave the country and doesn’t remain within the local economy.

Question 5

Define deindustrialisation

Answer 5

Deindustrialisation is the reduction in industrial activity in a specific area or region. This could include shutting down factories - it is in the latter stages of the Clark Fisher model.

Question 6

What is the WTO?

Answer 6

The World Trade Organisation. It deals with the global rules of trade between different countries, making sure that trade flows as smoothly and as freely as possible.

Question 7

What is the IMF?

Answer 7

The International Monetary Fund. An organisation of 188 countries working to reduce poverty by encouraging financial cooperation and promoting trade and high employment.

Question 8

What does MNC stand for?

Answer 8

Multinational corporation/company

Question 9

What does TNC stand for?

Answer 9

Transnational company/corporation

Question 10

Explain the trickle down effect.

Answer 10

The trickle down effect is when money is circulated within the local economy. It is the opposite to the leakage effect.

Question 11

What is the old economy based on?

Answer 11

The old economy is a manufacturer (primary and secondary industry) based economy.

Question 12

Outlining the features of the new economy.

Answer 12

• Skills and services based.
• Knowledge based.
• Uses fast internet and communication to operate in a global marketplace and global scale.
• Gender and racial equalities.

Question 13

Globalisation

Answer 13

Refers to the growth and the spread of ideas on a global scale.

Question 14

TNC

Answer 14

Transnational Cooperation

Question 15

Inward Investment

Answer 15

When a country puts money into a country to help it develop

Question 16

Outsourcing

Answer 16

Moving a section of a company out of the company or to a different locality.

Question 17

Infrastructure

Answer 17

Things needed to make somewhere function such as transport links, broadband, water, etc

Question 18

Interconnected

Answer 18

Linking between different components

Question 19

Foreign Direct Investment

Answer 19

FDI creates stable, longlasting links between countries. It is crucially about maximising profits and encouraging the transfer of technology between countries.