YEAR 9 Globalisation Flashcards
Define globalisation
The way the world is becoming more interconnected
Define TNC
Transnational companies
Define trade
The exchange of goods between two different countries
Define aid
Any form of help given from one country to another.
Define import
Bringing a product into a country from another country
Define export
Sending a product from your country to another country.
Why have containers been so important in increasing globalisation?
Containers have made shipping and transporting goods quicker and cheaper, which has benefited both consumers and companies. It has also brought the price of goods down, and has encouraged more interdependence globally.
What are the Millennium Development Goals?
8 goals created by the United Nations in order to try and improve the state of the world.
Define interdependence
Countries relying on each other for key goods or services.
Define the primary industry
The type of employment which involves the extraction of raw materials.
Define the secondary industry
The type of employment of turning raw materials into a new product to be sold.
Define the tertiary industry
The type of employment focused on delivering a form of service.
Define inequality
Where people donβt have the same rights and opportunities as others do.
List some general factors on TNCs:
Their headquarters are found in high income countries, and their production centres and factories are found in lower income countries.
TNC stands for transnational companies.
List some positive factors about TNCs:
Provide cheaper goods for consumers and it becomes cheaper of the companies.
Economic growth.
Technological developments and advancements for the rest of the world.
Increased global trade
Encourages the increase of knowledge transfer.