Geography development - threats and benefits of globalisation
- Created by: Jagosw
- Created on: 15-05-16 13:28
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- Threadts and Benefits of Globalisation
- Threats in MEDCs
- Job losses
- Negative Multiplier effect
- Socail problems of deindustrialisation - crime, drugs and alchoholism
- Mental halth issues - depression, stress
- Rcession/ decline in economy
- Quality issues of imported products
- Threats to LEDCs
- Brain Drain
- Cheap labour and resources at expense of development
- Don't get profits
- Poor working conditions
- Poor working conditions
- Polution an other enviromental damage
- Loss of cultural diversity
- Risk of redundancies of MNCs leave
- Benefits to MEDCs
- People and cutures mix - share ideas , experiances and lifestyle
- More aware of global issues and events
- Exploit LEDCs labour force and resources
- Can increase income
- More profits for MNCs
- Growing economy
- Benefits to LEDCs
- New jobs and skills for locals
- Wealth and fogrin currency enters economy leading to resources and education, health and infastructure
- Cultural mix
- Positive multiplier effect
- Technology introduced to countries
- Threats in MEDCs
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