the process of all the world's systems and cultures becoming more integrated
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why does globalisation happen?
international trade, international investment and improvements in communication
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how has ICT increased globalisation?
increasing trade and investment, improvements in ICT makes communication faster and easier
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how has transport increased globalisation?
increasing trade and investment, quicker and easier to communicate face to face, easier to distribute and get supplies from all over the world
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what are MNCs?
companies that produce products, sell products or are located in more than one counrty
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factors of MNCs
increases globalisation, very rich, employ a lot of people, bring culture from their origin
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how do MNCs affect economic development?
jobs, increases wealth, taxes used from infrastructure + services, attract more businesses (multiplier effect), cheap labour in LEDCs
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why do MNCs locate in LEDCs?
cheap labour, longer working hours, less strict health and safety regulations
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7 positive effects of MNCs?
jobs, multiplier effect, create skilled jobs- education and training, higher wages, reliable income, pay taxes, spend money on infrastructure
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7 negative effects of MNCs?
not secure- could relocate, long hours, poor conditions, local companies struggle and shut down, profits go to MEDCs, lots of traffic and pollution, bad for health
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what is the multiplier effect?
more jobs -> more services -> more jobs..........
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economic impacts on MEDCs due to globalisation?
deindustrialisation- secondary industries more to LEDCs and NICs, MEDCs have to develop tertiary and quaternary industries- increases rich poor gap
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economic impacts on LEDCs due to globalisation?
industrialisation, secondary industries more to LEDCs and NICs, increasing rich poor gap
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5 environmental impacts due to globalisation?
global warming from increased CO2 from carbon emissions, waste ends up as landfill you can recycle, deforestation, destroy ecosystems and habitats, oil pollution
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5 social and cultural impacts due to globalisation?
trade, jobs, money, infrastructure and services, loosing cultural heritage
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Other cards in this set
Card 2
Front
why does globalisation happen?
Back
international trade, international investment and improvements in communication
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