global governance

Question 1

neoliberalism

Answer 1

removing the influence of the state in the economy and allow the markets to act more freely

Question 2

elite migrants

Answer 2

wealthy migrants that are welcomed to a country because of the investment and capital they bring

Question 3

example of Low-Wage Economic Migration

Answer 3

UAE Gulf State
80% construction workforce = foreign migrants

Question 4

tax haven example

Answer 4

Ireland buisness tax haven
charged apple 0.005% tax

Question 5

outsourcing example

Answer 5

iPhones being assembled by Chinese firm Foxconn

Question 6

glocalisation

Answer 6

adapting products to meet needs of local consumers

Question 7

example of glocalisation

Answer 7

mcdonalds serving mc spicy paneer in india

Question 8

example of offshoring

Answer 8

nike produces mostly in china but also india vietnam and thailand

Question 9

global shift

Answer 9

movement of manufacturing and the outsourcing of services from the West to the East

Question 10

consequences of global shift

Answer 10

china could become biggest economy in the world
rural to urban migration in china

Question 11

outsourcing impact example

Answer 11

BT opened 2 call centres in India in 2003
employs 2200
outsourcing adds £150b to the indian economy

Question 12

how much higher are TNC wages on average

Answer 12

40%

Question 13

spiral of decline

Answer 13

unemployment leads to de-population

Question 14

diaspora

Answer 14

a large group of people with a similar heritage or homeland who have moved and settled in places all over the world