U1: L6: Globalisation Flashcards
Define globalization
The process of creating a more connected world through trade, people and money
What does TNC’s stand for?
Transnational corporation
Define TNC’s
Companies with branches in more than one country
What are the advantages of globalization?
. Sharing each other’s culture
. Experience things like food it fashion
What are the disadvantages of globalization?
. Cultures might become less important
. Negative towards culture
Explain why globalization and TNC’s can hinder a countries development? (Non essay form)
. TNCs can take advantage in less developing countries by exploiting local resources and labour.
. Globalization can lead to practices over local traditions which could lead to eroding cultural identities and hindering cultural and social development
Explain why globalization and TNC’s can help a countries development? (Non essay form)
. Globalization fosters cultural exchange, which can lead to greater understanding and collaboration among different nations. This exchange can enrich local culture and provide new opportunities for tourism and education.
. The presence of TNCs can lead to improved infrastructure, such as roads, telecommunications, and energy supply. To facilitate their operations, TNCs often invest in local infrastructure, benefiting the community as a whole.
Why are TNCs located in LEDCs?
. To obtain material as cheaply as possible
. Benefits from workers with low wages
Answer the question in the structure needed for this phrase; “Globalization and TNCs can hinder development in developing countries.’’
. Define globalization and TNC
. Explain why TNCs are located in LEDCs
. Explain why globalization and TNC’s can hinder development in developing countries
. Explain why globalization and TNC’s can help development in developing countries
. Conclusion
