TNCs 0.0 / 5 ? GeographyGlobalisationGCSEOCR Created by: LeviGirlCreated on: 01-11-13 18:21 Worldwide production of goods and services to supply a global market Globalisation 1 of 6 Government-approved grants, subsidies, tax and rent exclusions, fewer planning controls and improvements in infrastructure, all of which attract MNCs Incentives 2 of 6 Concept stating that once one successful business grows in an area, other businesses will benefit and expand too Multiplier Effect 3 of 6 Groups of countries joined together by agreements that allow free trade between them but impose tariffs on trade with other countries, such as the EU Trade Blocs 4 of 6 Multi National Companies, such as Nike or Coca Cola, which sell and produce goods all over the world MNC 5 of 6 Newly Industrailised Country, such as China, which often has a cheap workforce and growing economy NIC 6 of 6
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