835340
Description
Mind Map by beccagiacopazzi, updated more than 1 year ago
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Created by beccagiacopazzi
over 10 years ago
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GOING GLOBAL: Global Groupings
- Trade
Organisations:
encouraging
free trade
between their
members
- NAFTA: North American
Free Trade Agreement, this
links America with other
countries which aren't as
developed, e.g. they connect
with Mexico using their
resouces and they can use
their technology
- The EU: they remove
internal barriers to trade
& the movement of
capital & people
between its members,
a common currency so
easy exchange of
goods etc.
- NAFTA: North American
Free Trade Agreement, this
links America with other
countries which aren't as
developed, e.g. they connect
with Mexico using their
resouces and they can use
their technology
- OPEC: Organisation of
Petroleum Exporting
Countries, regulates oil
supplies to meet global
demand
- OECD: Organisation for
Economic Cooperation &
development, international forum
for discussion of economic policy
issues, environmental issues,
agricultural & energy concerns,
34 members, aim to improve the
economic & social well-being of
people & sustainable economic
growth
- G8: most
powerful &
wealthy
countries,
discuss &
present solutions
for global
problems
- TNC's: large
business enterprises
with production &/or
service operations in
several countries
which compete in
global markets
- Advantages of TNC's:
creates employment, rising
incomes increase living
standards, boosts exports
& helps the trade balance,
develops a& improves skill
levels, creates multiplier
effect in local economies
- Disadvantages of TNC's: may
avoid paying taxes in some
countries, limited links - some FDI
dont want to like with developing
counrtues, create a growing wealth
divide - choosing to help some
developing countries over others,
cause environmental damage -
have an impact on the poor
- Advantages of TNC's:
creates employment, rising
incomes increase living
standards, boosts exports
& helps the trade balance,
develops a& improves skill
levels, creates multiplier
effect in local economies
- TNC Case Study: Tesco
- Founded in
1919 in East
End London
- Operates in 12
different
countries, e.g. UK,
China, India.
Korea, Poland
- Some products could
be sold cheaply as the
workers were paid
really low wages -
therefore profits were
made
- Shipping of goods
makes it a large
emitter of greenhouse
gases but has
pledged to reduce it
- Founded in
1919 in East
End London
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