Economic Development

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  • Created by: Devina1
  • Created on: 19-05-16 17:13
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  • Economic Development
    • TNC Effects on LEDCs
      • Advantages
        • Bring Jobs and new technology
        • They connect different countries together
        • TNC factories are in better conditions than LEDC factories
        • Wages will help the LEDC's economy.
      • Disadvantages
        • TNCs pollute air and water with chemicals
        • TNCs do as they please so get better deals and leave
        • TNCs create competition for small local businesses
        • TNCs move profits to LEDCs to avoid paying taxes
        • Low wages
    • Globalisation
      • Better technology- people can communicate with people half way across the world using phone, instant message, fax ect.
      • People sharing knowledge- a new idea springs to life and other countries use it to their benefit.
      • People can take a plane halfway around the world and so they get out more.
      • TNCs and NGOs provide help to other people in other countries and provide jobs for local people.
  • Disadvantages
    • TNCs pollute air and water with chemicals
    • TNCs do as they please so get better deals and leave
    • TNCs create competition for small local businesses
    • TNCs move profits to LEDCs to avoid paying taxes
    • Low wages

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