1.1 Piccadilly Circus Flashcards
(9 cards)
Globalisation
When businesses and countries start to develop existing international influence and communication allowing them to interact with other countries and make trade deals easily.
Widening & Deepening Global Connections
Increasing the amount of countries you’re connected to and improving the quality of pre-existing relationships.
Flows
Flows of goods, ideas and money which are needed to successfully run a country/economy.
Commodity
Basic good
Capital
Money
Migration
Flow of people
Tourists
Flow of foreign visitors
TNC
A firm operating in 1 or more country.
Schengen Zone
European countries that have abolished all passport and all types of border control on mutual borders, making travelling easier.