Globalisation Flashcards

(9 cards)

1
Q

A transnational corporation (TNC) is..

A

a company that has operations in multiple countries

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2
Q

Globalisation is…

A

the increasing interdependence of countries around the world through trade

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3
Q

exports are…

A

goods that a country sells to another

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4
Q

imports are..

A

goods that a country buys from another

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5
Q

a sweatshop is a…

A

garment factory normally in low income countries with very low pay and bad working conditions

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6
Q

child labour is..

A

the employment of children industry or business, considered illegal or exploitive

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7
Q

global shift is..

A

the movement of manufacturing and the outsourcing of services from west to east

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8
Q

fast fashion is..

A

inexpensive clothing produced rapidly by mass market retailers in response to latest trends

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9
Q

a code of conduct is…

A

a set of rules for factories in foreign countries which set the minimum acceptable standards for workers’ rights and conditions

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