Globalisation

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  • Created by: Ms Nicoll
  • Created on: 04-03-14 11:01
Globalisation
The process where places in the world are becoming more and more connected to each other.
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Imports
Things that we buy from other countries
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Exports
Things that we sell to other countries
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Balance of trade
The relationship between the amount of money spent on imports and the amount earned from exports
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Trade surplus
When a country earns more from exports than it spends on imports
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Trade deficit
When a country spends more on imports than it earns from selling exports
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TNC
Transnational Corporation - A large company with its headquarters in one country and branch factories in many other countries
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Other cards in this set

Card 2

Front

Things that we buy from other countries

Back

Imports

Card 3

Front

Things that we sell to other countries

Back

Preview of the back of card 3

Card 4

Front

The relationship between the amount of money spent on imports and the amount earned from exports

Back

Preview of the back of card 4

Card 5

Front

When a country earns more from exports than it spends on imports

Back

Preview of the back of card 5
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