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3 Cards in this Set
- Front
- Back
Interdependent
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The economies of countries are interlinked and rely on each other for trade.
eg a drop in house prices in the USA triggered a world wide recession |
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Transnational Corporations
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Companies which have offices and factories all over the world. The Hedquarters are usually in MEDCs and the factories are in LEDCs
Also known as multinational companies eg HSBC, Coca Cola, Nike |
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Newly industrialised countries (NICs)
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Poorer countries which have recently developed economies based on manufacturing industry, often based on having a cheap labour force
eg Thailand, Malaysia |
