Geography Flashcards
What is Globalisation
the process by which businesses or other organisations develop international influence or start operating on an international scale
What are the key aspects of globalisation
(Give any 2)
Migration of people and culture (influences)
Sharing of knowledge, ideas and technology.
Countries becoming more interconnected & working together to produce goods and services.
Countries investing and trading with each other.
What is the role of social media
allows the sharing of ideas and information, including text and visuals, through virtual networks and communities
What are the causes of a shrinking world in terms of globalisation?
the internet and mass consumption of mobile phones
What is the impact of a shrinking world in globalisation?
Globalisation has shaped the world into an increasingly interconnected society
What do TNCs stand for?
Transnational corporation
How do TNCs operate?
involved with the international production of goods or services, foreign investments, or income and asset management in more than one country
What are TNCs?
a company which operates in at least two countries
What are 2 of the benefits of TNCs?
More investment.
Encouragement of international trade
What are the problems with TNCs?
Environmental damage
Why do countries trade?
Contributes to global efficiency
What is the role of the shipping container in the trade world
provide a secure and controlled environment for goods in transit, reducing the risk of theft or damage
Why is trade unfair
a trader making misleading statements, leaving out important information about a product or behaving aggressively.
What is aid
assistance given from one country to another
