Globalisation 0.0 / 5 ? GeographyGlobalisationGCSEEdexcel Created by: Ms NicollCreated on: 04-03-14 11:01 Globalisation The process where places in the world are becoming more and more connected to each other. 1 of 7 Imports Things that we buy from other countries 2 of 7 Exports Things that we sell to other countries 3 of 7 Balance of trade The relationship between the amount of money spent on imports and the amount earned from exports 4 of 7 Trade surplus When a country earns more from exports than it spends on imports 5 of 7 Trade deficit When a country spends more on imports than it earns from selling exports 6 of 7 TNC Transnational Corporation - A large company with its headquarters in one country and branch factories in many other countries 7 of 7
Comments
No comments have yet been made