Flashcards
Globalisation
Cards in this deck (24)
- 1GlobalisationThe processes by which people, their cultures, money, goods and information can be transferred between countries with few/no barriers.
OR
More links between countries. - 2TNC'sA firm that manufactures goods or provides services in several countries while directing operations from HQ.
- 3TNC growth is central to Globalisation. Why?Operate in >1 country.
Developed global brands.
Helped develop new tech.
Created new markets. - 4McDonald's CASE STUDYOperate across 6 continents.
61% of world has them.
$41 billion USD in sales.
31,000 restaurants in 118 countries. - 5Why NIC's are important to TNC'sPopulation growth.
Economic growth.
Increasingly wealthy countries.
Growth of global stock markets.
= more opportunities for TNC's. - 6Reasons for Globalisation...Improving Tech. means:
Faster/easier communication (e.g. internet),
Faster/easier transport (e.g. jets). - 7Globalisation leads to...More TNC's;
More global brands (e.g. Nike);
Growth of new markets, esp. industrialising countries;
^in membership of international organisations (e.g. EU, UN). - 8Factors that accelerated GlobalisationTechnological developments.
Growth of TNC's.
Growth of new markets.
Growth of international organisations. - 9Technological DevelopmentsTelephone;
Satellites;
Internet;
Jet aircraft;
Supertankers;
Container Shipping. - 10Global Village OR Space/Time ConvergenceRefers to the world getting metaphorically smaller as modern communication allows fast & efficient contact.
- 11Parent CompanyOriginal business global TNC developed around e.g. SONY.
- 12Branch PlantFactory, shop etc. built by a TNC which has a HQ elsewhere.
e.g. Toyota factory in Derby - 13ConsumptionPurchase & use of commodities/services.
e.g. buying an iPhone - 14Assembly IndustryManufacturing industry that works by taking products of other industries & fitting them together to make the final product.
e.g. MINI - 15AcquisitionWhen one company buys another.
e.g. MINI bought by BMW - 16MergerWhen 2/more companies combine to form a single, larger one.
e.g. Peugeot-Citroen - 17Sub-contractorA company used to provide services/make products that are sold using the parent company brand.
e.g. Wellco's employees make Nike shoes - 18Economies of scaleCost advantages obtained by expanding production to increase efficiency & reduce production costs.
e.g. Ford = 1st to use assembly lines - 19GlocalisationTechnique used to operate branch plants:
Buying local products.
Adapting products - meet local tastes, laws, cultures etc.
e.g. McDonalds using halal meat in Middle East; UK milk for UK stores etc. - 20MarketPart of the world where there is a demand for a particular good or service.
Sales. - 21CoreFavoured area where there is considerable amount of resources, economic wealth & political power.
wealthy = ^sales - 22PeripheryArea which compares unfavourably with the core in terms of prosperity, economic wealth & political power.
Poor = low sales - 23Importance of International Organisations KEY: I.O - International Organisation ^ - IncreasedHave influence on economic & political change on a regional and global scale due to:
^Number of I.O's
^membership of I.O's
^Economic & political influence - 24Trade BlocGroup of countries that join together to make trade agreements to improve trade flows & economic growth.
e.g. EU, NAFTA
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- GCSE AS Geography Flashcards on Globalisation, created by hannahcalleja10 on 13/09/2015.
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- hannahcalleja10
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