Globalisation, Aid and Trade Flashcards
(44 cards)
What is a TNC
Multinationals company
TNC’s are
The driving force behind globalisation
Globalisation…
Describes the process whereby economies, society’s and cultures become evermore interconnected.
Name four factors to the rise of globalisation
Technological advances
Contemporary communication
Commerce
Advertising
Where are TNC headquarters usually based
Medc’s
Where are TNC factories normally based
LEDC’s
What are the advantages of factories being located in LEDC countries
Reduced labour and raw material costs
What percentage of goods does Kenya import that are from Europe
45%
What goods do Kenya need to import
Electrical goods
Why does Kenya need to import electrical goods
Because most of the country is covered by farmland.
What is aid
Aid is the giving of resources by one country or organisation to another country
Name three types of aid
Money (given or loaned)
Expertise (people such as engineers, doctors or teachers)
Goods (food, technology, equipment such as tents or blankets)
What does a TNC stand for
Transnational Corporation
What is aid
The giving of resources by one country or organisation to another country.
Give 3 examples of aid
Money
Expertise
Goods
What is an example of expertise
Engineers, doctors, teachers
What is an example of goods
Food, technology, equipment such as tents or blankets
What is multilateral aid
Lots of governments give money to world organisations such as the UN, who then give it to countries that need it.
What is tied aid
When the country giving the money tells a country what to spend it on.
What is voluntary aid
When charities, such as comic relief, receive money from the public and use it to organise aid programmes.
Where is the river Volta located
Ghana
What American company had the right to use the electricity
Valco
What problem does Ghana have
A water problem
Which was more successful the dam or the wells
The wells as everyone in Ghana benefitted
