U4 - Power, Places, and Networks

Subdecks (4)

Cards (34)

  • Foreign direct investment is the investment by a company into the structures, equipment, or organizations of a foreign country. It does not include investment in shares of companies of other countries.
  • Globalization refers to the process by which businesses or other organizations develop international influence or start operating on an international scale.
  • Global village is the idea that the world had been transformant into a “village” by the almost instantaneous transmission of information, facilitated by improvements in ICT.
  • Offshoring is the process by which firms move production overseas.
  • Outsourcing is when a firm obtain inputs such as skills and services from separately owned suppliers instead of sourcing them internally.
  • A superpower is a nation or group of nations with a leading position in international politics.
  • Economic globalization is largely caused by the growth of transnational corporations.
  • Social globalization is the impact of western culture, art, media, sport and leisure pursuits on the world.