Results of Globalisation quiz

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  • Created by: emily_w
  • Created on: 25-11-14 16:49
Why do large companies want to put smaller ones out of business?
There will be less competition, so they can charge what they like.
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What is meant by "the monopoly of power"?
A lot of power rests with very few people, and the poorest people have low social mobility
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How do companies put smaller ones out of business?
They buy them.
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What is a benefit of more brand recognition?
TNCs have a global market.
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What is a disadvantage of "trade vs aid"?
Economically valuable countries get more aid from MEDCs than ones that are not economically valuable.
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What is an example of "trade vs aid"?
Japan recieved more aid than it needed after the 2011 earthquake, but countries affected by ebloa did not initially recieve much aid.
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What is the advantage of integrated economies?
Goods are cheaper within the areas affected.
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What is an example of an integrated economy?
The Eurozone
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What is the effect caused by the development of technology?
The shrinking world
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How does the development of new technology aid world trade?
Goods can be transported faster, eg by jet engine.
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Why does globalisation cause the economies of countries to grow?
People have higher wages and therefore more disposable income.
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What is an example of the growth of countries' economies due to globalisation?
The "Baltic Tigers", when the economies of Lithuania, Estonia and Latvia each grew by 7-12% due to foreign investment, and their unemployment rates fell below the EU average.
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Why don't TNCs try to help solve poverty?
It is not in their interest, because they want labour to stay cheap.
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What is capitalism?
Businesses are privately owned and making a profit is the priority.
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What is the benefit of capitalism?
People can keep the money they earn.
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What are the disadvantages of capitalism?
Profit can be prioritised above ethics; it can lead to conflict with communist regimes such as the Soviet Union, North Korea or the Vietnam War
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How can globalisation contribute to terrorist threats?
People can be recruited to organisations over the internet, eg to IS; Americanisation may encourage people to fight back.
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What is outsourcing?
When companies source things like parts, materials and labour from other countries, eg Honda assembles a car in Japan but rubber for the wheels is bought from elsewhere.
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Why do workers remain in poor working conditions in China, Vietnam and Indonesia?
Their governments deny them the right to form workers' unions, which is then exploited by TNCs
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How could globalisation affect racism?
It could increase it due to the increased amount of migrants; it could also reduce it through multiculturalism.
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What is a negative cultural impact of globalisation?
Americanisation can cause the loss of cultural identity.
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What is free trade?
Where there is no limt on the amount or type of goods that can be traded internationally.
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Why must free trade be in some way regulated?
It could be dangerous if ammunition could be freely sold to countries/organisations such as Israel, IS, Russia; there must be some regulation of the amount of goods that can be traded to prevent one company dominating the market
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What is the advantage of free trade?
It limits the control of the government over the goods that are imported.
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What is an example of one type of regulation that limits free trade?
The CE certification of safety
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How do TNCs exploit people in LEDCs?
They pay them a low wage, because they will accept it if it is all they can get.
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How do TNCs exploit the environment of LEDCs?
They use more pesticides because these countries have fewer laws regulating their use.
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How can consumers hold companies and governments accountable for their actions?
By boycotting their products, eg GAP being boycotted for animal cruelty related to angora, or the Stolichnaya vodka boycott in protest of human rights abuses in Russia.
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Why are boycotts effective?
Reducing a company's profit forces them to change, or pressure the government to change.
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Why can it be hard to hold TNCs accountable for their actions?
It can be hard to prosecute them if they are very rich, influential or the government is corrupt.
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Other cards in this set

Card 2

Front

What is meant by "the monopoly of power"?

Back

A lot of power rests with very few people, and the poorest people have low social mobility

Card 3

Front

How do companies put smaller ones out of business?

Back

Preview of the front of card 3

Card 4

Front

What is a benefit of more brand recognition?

Back

Preview of the front of card 4

Card 5

Front

What is a disadvantage of "trade vs aid"?

Back

Preview of the front of card 5
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