Location of an industry and globalisation

Question 1

What are the two factors in locating an industry?

Answer 1

Physical determinants and human and economic determinants.

Question 2

What are the two main physical determinants?

Answer 2

Raw materials and energy supply

Question 3

What are the six main human and economic determinants?

Answer 3

Labour, market, transport, capital, cost of land and government policies.

Question 4

Important factors to consider when locating and industry are:

Answer 4

Labour supply​
Accessibility​
Raw Material​
Distance to market​
Government incentives​

Question 5

What is globalisation?​

Answer 5

Globalisation means the way companies, products, ideas and lifestyles are moving more easily and more quickly around the world.​

Question 6

Why would a company go global?

Answer 6

To sell products and services ​
To buy and source materials ​
To gain labour

Question 7

What are some perks about globalisation?

Answer 7

Provide jobs and training for locals, bring investment into country, improve local infrastructure (e.g. roads, rail), increase trade and bring in foreign currency, and pay taxes to the government.

Question 8

What are some bad things about globalisation?

Answer 8

Provide low paid, unskilled jobs with long hours, top paid jobs go to foreigners, make goods for export, not for host country​, most of the profit goes abroad, can choose to leave as quickly as they came, and may damage the environment and have poor safety records.

Question 9

What are the four categories of globalisation?

Answer 9

Political, economic, social and environmental.