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16 Cards in this Set

  • Front
  • Back

What is Globalisation?

The increasing interdependence and integration of the world through economics, politics and the environment.

Why is Globalisation occurring?

Because of:


1. The increasing economic integration and interdependence of national economies.


2. The increase in international movement of goods, services, people and money.

What are global products?

Products that are internationally recognised and sold all over the world.


Products that are designed and assembled from different locations all over the world.

Why are logos important to companies?

1. Immediately understandable, regardless of language.


2. Easier to remember than words.


3. Differentiates products and brands from the competition.


4. Help to boost sales, by:


4.1 Being memorable


4.2 Implying fashionable value


4.3 Implying quality

What is trade?

The action of buying and selling goods and services.

Why does trade occur?

1. Because no nation is self-sufficient in producing everything they need.


2. Every country has a comparative advantage in producing some goods and services.

Why is trade unfair?

Unequal Partners: Rich countries abuse the system and bully poorer countries into agreeing to rules which favour the rich.

What is fair trade?

Trade between companies in developed countries and producers in developing countries in which fair prices are paid to the producers.

Why is fair trade important?

It provides better prices, decent working conditions, local sustainability, and fair terms of trade for farmers and workers in developing countries.

Transnational Corporations: What are they?

They are large companies that have factories or branches in different countries.

Transnational Corporations: Why are they important?

Because:


1. They are very powerful and have a lot of influence around the world.


2. They provide jobs and money for countries they do business with.

Transnational Corporations: What impact do they have in different countries?

They:


1. Provide jobs and money for the countries they do business with.


2. They influence political decisions through lobbying or bribery.

Ethics: What are they?

They are the concept of basic human conduct.

Ethics: Why do we care about them?

Because they are at the heart of what it is to be human.

Globalisation: What are the unethical consequences?

Forced labour.

Human trafficking.


Funding for conflicts (e.g. 'blood diamonds' in Africa)



Latitude & Longitude: What are the major lines of Latitude?

1.The equator


2. The tropic of cancer


3. The tropic of capricorn


4. The arctic circle


5. The antarctic circle.