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11 Cards in this Set
- Front
- Back
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What is the definition of Globalisation?
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The world's economies becoming more interconnected as a result of increased trade.
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Why has Globalisation happened?
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-International trade
-International investment -Increased Communications |
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What has Globalisation meant for certain countries?
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It has caused countries to become interdependent as a result of globalisation.
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How have the improvements in communication through ICT aided globalisation?
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Improvements in ICT such as (e-mail, mobile phones, phone lines that carry more info e.t.c...)
Quicker and easier for businesses to communicate. |
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How have the improvements in communication through transport aided globalisation?
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More airports, trains and ships have made it faster to communicate face to face.
Also easier for supplies to be transported |
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What have these improvements allowed to be constructed abroad?
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Call Centres- AVIVA moved 950 call centre jobs from the UK to Sri Lanka and India.
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What is a TNC?
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A transnational corporation that produce products, sell products or are located in more than one country.
E.g: Sony |
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Where are factories of TNCs?
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In poorer countries because the labour is cheaper
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Where are TNC offices and Headquarters located?
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In richer countries because there are more people with administrative skills due to richer countries having better education systems.
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What are the advantages of TNCs?
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-Create jobs in all countries they're located in
-Employees in poorer countries get a more reliable income than something like farming -TNCs spend money to repair the local infrastructure -New technology is brought to poorer countries |
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What are the disadvantages of TNCs?
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-Employees in poorer countries may be pain lower wages than those in richer ones.
-Employees in poorer countries may have to work long hours in poor conditions -Most profits go back to richer countries. -Jobs created in poorer countries aren't secure |
