Globalisation Flashcards
(9 cards)
A transnational corporation (TNC) is..
a company that has operations in multiple countries
Globalisation is…
the increasing interdependence of countries around the world through trade
exports are…
goods that a country sells to another
imports are..
goods that a country buys from another
a sweatshop is a…
garment factory normally in low income countries with very low pay and bad working conditions
child labour is..
the employment of children industry or business, considered illegal or exploitive
global shift is..
the movement of manufacturing and the outsourcing of services from west to east
fast fashion is..
inexpensive clothing produced rapidly by mass market retailers in response to latest trends
a code of conduct is…
a set of rules for factories in foreign countries which set the minimum acceptable standards for workers’ rights and conditions