Globalisation

globalisation mind map

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  • Globalisation
    • globalisation is the process of the world economies becoming intergrated into a single community
    • interdependance
      • interdependance is when countries rely on each other, usually for trade
    • TNC
      • Transnational corporation
        • companies with an hq in one country and branches in one or more countires
        • tnc's increase globalisation by increasing connections between countires and global interdependance
    • deindustria-lisation
      • effects
        • lots of manual workers lose their jobs
        • as factories close down some buildings become derilict
        • there can be an increase in higher paid service industries like banking and insurance companies
      • manufacturerse move factories to NICs as it is cheaper to produce more goods there. Manufactureres close down as they can't compete with the price of goods manufactured in NICs
      • manufacturing in NIC's has increased and manufacturing in MEDCs has decreased
  • Untitled
  • e.g rochdale
  • effects
    • lots of manual workers lose their jobs
    • as factories close down some buildings become derilict
    • there can be an increase in higher paid service industries like banking and insurance companies
  • Untitled

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