Capital/money attracted from one country to another. TNCs invest in LEDCs when relocating
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TNC Relocation
The movement of a company or industry from one place to another e.g manufactoring of Nike products to LEDCs
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TNC - NI Guitar Company, Avalon
The high levels of productivity and easy access to capital, especially in Korea, give it a competitive advanatage
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TNC - NI Guitar Company, Avalon
Cheaper labour costs especially in China - a typical factory worker earns US $1 per day (and will usually have food and dormitory accomodation provided)
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TNC - NI Guitar Company, Avalon
High levels of investment in technology especially in Spain where skilled labour is available to make the specialist 'classical' guitar. The top model of classical guitar in Brazilian rosewood and Western red cedar was prices £5999 in 2009
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What is a Newly Industrialising Country?
Countries that have not yet become MEDCs but economies are growing rapidly.
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What do NICs have in common?
Rapid Industrialisation, Rural-Urban migration, Economy now dominated by manufactoring insteaad of farming, Increases social freedom, Lots of MNCs located there, Environmental, social and labour standards are lower than MEDCs
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What is predicted for current NICs in 2050?
Worlds largest economies in 2050 will include NICs
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BRICS
Brazil, Russia, India, China, South Africa
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MINT
Mexico, Indonesia, Nigeria, Turkey
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Other cards in this set
Card 2
Front
TNC Relocation
Back
The movement of a company or industry from one place to another e.g manufactoring of Nike products to LEDCs
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