Geography

• What is globalisation?

  the process by which countries are becoming more interconnected.
• Globalisation has led to the growth of international trade, investment and migration
• What are the costs and benefits of TNCS?

  Costs: Exploitation, environmental degradation, tax avoidance. Benefits: Job creation, technology transfer, economic growth.
• Burberry Negative/ Multiplier effect?

  Luxury brand.
• Multiplier effect-

  when something has a knock on effect and leads to something else
• Transnat corporation-


  companies which operate in more than one country and often have their headquarters in a rich country
• Conscientious-


  when you take great care
• Sweat shop-


  Factories where clothes are made which often have poor working conditions
• Why do companies move to LICs? - Lower labour costs - Lower taxes - Lower wages
• Why Did Burberry move to LICs? - To reduce costs - To take advantage of cheap labour
• Why is globalisation good for some people but not others? Globalisation is good for some people because it allows them to access goods and services that they would not have been able to access before
• Economy: the state of a country or region in terms of the production and consumption of goods and services and the supply of money
• Economic potential of the DRC: 1. one of the strongest growth rates in Africa 2. Rich in natural resources 3. Business ratings have gone up (infrastructure) 4. more access to clean water