Globalisation

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  • Created by: zooandroo
  • Created on: 21-02-14 18:08
Globalisation
The way in which countries are becoming more interdependent, and are increasingly trading in money, goods and information.
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Global shift
This is the changing location of production. Eg production today is moving away from China and towards countries like Indonesia and Malaysia.
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Glocalisation
When companies customise/alter their products to meet local tastes, norms or laws. Eg 'burkini barbie', Cadbury makes its chocolate sweeter for Chinese markets.
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Branch plant
A factory built in a country by a TNC that has its headquarters elsewhere
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Parent Company
The original business that a global TNC has developed, and whose directors still make decisions that will affect the organisation as a whole. Eg, Disney owns Pixar and other animation companies.
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TNC
A Transnational Corporation is a company that operates in more than one country.
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Global Networks
How global economies/people/environments are connected to each other to form interactive groups (networks). The connections are created through flows of money, trade, people and information.
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'Switched on'
Areas that are more connected to economic production and consumption. They is sustained by flows of eg migrants, money, TNC investment. Eg Silicon Valley
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'Switched off'
Areas that are less connected to economic production and consumption. Eg Sub-Saharan Africa
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GPN
A global production network is a supply chain that is connected by the assembly of products for a TNC. Eg Greece, Indonesia, Japan, New Zealand, the USA, Malaysia, the Philippines South Korea and the UK all help to make a Wimbledon tennis ball.
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Hub company
A TNC at the core of a global supply chain network.
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Other cards in this set

Card 2

Front

Global shift

Back

This is the changing location of production. Eg production today is moving away from China and towards countries like Indonesia and Malaysia.

Card 3

Front

Glocalisation

Back

Preview of the front of card 3

Card 4

Front

Branch plant

Back

Preview of the front of card 4

Card 5

Front

Parent Company

Back

Preview of the front of card 5
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