Aspects of globalisation Flashcards
1
Q
Spatial differences
A
Economic activity is unevenly dispersed across the land in terms of production and consumption
2
Q
Spatial diffs for TNC’s
A
TNC’s are able to use their multinational status to exploit these spatial differences such as Dyson in India
3
Q
5 Ways how TNC’s dominate
A
Location of production in market International vertical integration of production Division of production Investment in large projects + high R+D Construction of private infastructure
4
Q
5 causes of TNC growth
A
Liberalisation of economies making international trade easier
Additional stages in production
New international finance systems (IMF)
Opening ex-communist markets
Decline in comparative advantage of western countries
