The Acceleration of Globalisation 0.0 / 5 ? GeographyThe Acceleration of GlobalisationASEdexcel Created by: belle-madeleineCreated on: 16-08-17 16:43 Transnational Corporations Businesses whose operations are spread across the world, operating in many nations as both makers and sellers of goods and services 1 of 19 Gross Domestic Product A measure of the financial value of goods and services produced within a territory. It is divided by population size to produce a per capita figure 2 of 19 Emerging Economies Countries that have begun to experience high rates of economic growth, due to rapid factory expansion and industrialisation 3 of 19 Remittances Money that migrants send home to their families 4 of 19 Interdependency If two places become over-reliant on financial and/or political connections with one another 5 of 19 Spatial Division of Labour Moving low-skilled work abroad to places where labour costs are low and keeping skilled management jobs at headquarters in origin countries 6 of 19 Intermodal Containers Large capacity storage units which can be transported long distances 7 of 19 Shrinking World Distant places start to feel closer and take less time to reach 8 of 19 Foreign Direct Investment A financial injection made by TNCs into a nation's economy to build facilities or merge with existing firms 9 of 19 BRICS Group Fast-growing economies of Brazil, Russia, India and China 10 of 19 Trickle-down The positive impacts on peripheral regions caused by the creation of wealth in core regions 11 of 19 Sovereign Wealth Funds Government-owned investment funds and banks 12 of 19 Trade Blocs International organisations that exist for trading purposes 13 of 19 Tariffs The taxes that are paid when importing or exporting goods and services between countries 14 of 19 Special Economic Zone An industrial area with conditions that attract foreign TNCs. Conditions like low tax rates, exemption from tariffs and export duties 15 of 19 Offshoring TNCs move parts of their own production process to other countries to reduce labour or other costs 16 of 19 Outsourcing TNCs contract another company to produce the goods and services they need 17 of 19 Global Production Network A chain of connected suppliers of parts and materials that contribute to the manufacturing or assembly of the consumer goods 18 of 19 Least Developed Countries The world's very poorest low income nations, who do not experience globalisation 19 of 19
What are the causes of globalisation and why has it accelerated in recent decades? 5.0 / 5 based on 4 ratings
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