Globalisation

Question 1

example of a Tnc and what they do.

Answer 1

A large business that operates in a many locations across the world. Examples are samsung,Macdonalds and ford

Question 2

Globalisation definition.

Answer 2

The world is getting more connected through development in technology.

Question 3

Glocalisation definition

Answer 3

A business will change their product to adjust it to a new market, so more people will buy it. This is because of cultural differences. eg mcdonalds replacing their big mac meet with chicken instead of beef in India.

Question 4

Cultural diffusion

Answer 4

Culture gets spread around the world, such as religion in china. Can be spread by immigration or foreign media and tourist bringing their language and eating habits.

Question 5

Fdi

Answer 5

Foreign direct investment. A foreign business or government invests in another country helping them develop and they will make their investment back.

Question 6

Trade bloc

Answer 6

Removing the barres to trade. Liberalisation of trade. Many countries join together to reduce money spent on tariffs and taxes.

Question 7

world trade organisation

Answer 7

A global agreement of governments deciding to trade. Rules are but in place.

Question 8

Ngo

Answer 8

Non governmental organisation. They might work without profit in a way to work independently without the government. Normally trying to address a social issue.

Question 9

Liberalisation

Answer 9

Removing or loosing restrictions. Could be seen in trade.

Question 10

Kof

Answer 10

Each country is given a score out of 100, the higher number is more globalised

Question 11

At kearney

Answer 11

A measure of its globalisation.

Question 12

Global hubs

Question 13

megacities

Question 14

economic migration.

Question 15

Diaspora

Question 16

Deindustrilalisation

Question 17

Cultural erosion

Question 18

Containerisation

Question 19

Chinas open door policy

Question 20

offshoring

Question 21

Outsoucing.