Unit 9 Flashcards
How are people now closer together?
People are linked by an expanding global communications and transport system
Do physical distances ever change?
No
What modern inventions have been developed from advances in computer and communication technologies?
Internet, mobile phones, faxes, scanners and satellite/GPS systems
What us economic globalisation?
The breaking down of barriers that separate national economies from each other.
What does economic globalisation lead to?
Economic globalisation leads to a worldwide market with a variety of goods and services
What are joined markets formalised into?
Joined markets are formalised into Economic Zones.
How are joined markets formalised into Economic Zones?
Joined markets are formalised into Economic Zones through written agreements.
What is Nike?
Nike is a US based sports and fitness company. It is the world’s largest supplier of athletic footwear.
What does Nike design and produce?
Nike designs and produces high quality footwear, clothing and accessories.
When and how did Nike become a TNC?
Nike became a TNC in 1975 when it went international and opened an office in Taiwan.
Before 1975, where was all Nike manufacturing done?
In the US
In 1996 how much products were made in the US?
40% of products were made in the US in 1996.
How much Nike products were made by independent factories outside the US?
60% of Nike products were made by independent factories outside the US in 1996.
Where was Nike manufacturing taking place in 199?
All Nike products were being manufactured outside of US in 1999.
By 1999, what was the only US input in the manufacturing of Nike products?
The only US i put by 1999 was to create the development technology for products.
