The way in which countries from all over the world are becoming linked by trade, ideas and technology
1 of 9
How is the World Shrinking?
People can travel quickly and easily across the planet, Internet means everyone can communicate easily within countries, World trade has opened up so that brands can now be sold around the world
2 of 9
TNC
Transnational Corporation
3 of 9
MNC
Multinational Corporation
4 of 9
MNC + TNC
A company with factories in many countries e.g Nike, Coca-Cola. These companies are often richer and more powerful than the countries they work with
5 of 9
MNC - MEDC
Headquarters - Research and Development, High status, Profitable parts of the company
6 of 9
MNC - LEDC
Factories, Low wages/cheap labour, High profits
7 of 9
How has Globalisation lead to issues like the Swine Flu Pandemic?
Increases movement of people and goods
8 of 9
How do MNCs/TNCs manage to operate at such high profits?
All skills - Dependent elements in MEDC - high profile + high profit, All manufactoring in LEDC - low cost labour 1 US $/a day
9 of 9
Other cards in this set
Card 2
Front
How is the World Shrinking?
Back
People can travel quickly and easily across the planet, Internet means everyone can communicate easily within countries, World trade has opened up so that brands can now be sold around the world
Comments
No comments have yet been made