Section Nine - Globalisation

Question 0

What’s an MNC?

Answer 0

Multi national company

Question 1

What is globalisation?

Answer 1

The process of increasing interdependence between countries and therefore increasing trade.

Question 2

How do MNC’s increase globalisation?

Answer 2

By linking together countries through the production and sales of goods.

Question 3

How do MNC’s affect economic development?

Answer 3

Create jobs

Taxes are used to improve infrastructure

Question 4

What positive effects do MNC’s have?

Answer 4

Create jobs
Encourages education and training in an area as they can lead to better jobs
Workers can get higher wages
MNC’s spend money on infrastructure
Local companies supply MNC’s increasing their income

Question 5

Negative effects of MNC’s.

Answer 5

Jobs aren't always secure
Employees in ledc's have to work long hours
Ledc's may be paid less
Monopolising the market
Profits go to country of origin 
Pollution

Question 6

Economic impacts of globalisation in an MEDC and an LEDC.

Answer 6

MEDC:
Deindustrialisation

LEDC:
Industrialisation

Question 7

Environmental impacts of globalisation?

Answer 7

Carbon emissions
Waste
Deforestation
Oil pollution

Question 8

Social and cultural impacts of globalisation?

Answer 8

Improve quality of life in LEDC’s
Increased trade brings money to the country - used to improve services
Loss of cultural heritage