1. Globalisation and TNCS - key terms
Terms in this set (17)
action or assistance which is provided by companies to people, businesses and organisations such as accounting, finance and communications.
fibre-optic cables laid on the ocean bed which transfer information around the world.
where a country becomes reliant on an item such as coffee for its income.
the transfer of some operations of a company (ICT) to other nations such as India, often for the purpose of saving money.
technology, such as computers and telephones, which allows easier communication between people.
a positive chain of economic events that occur when a company locates in a certain area.
offices where people work in the service industry. Often companies have outsourced abroad to India.
Transnational corporations (TNCs):
businesses that work across two or more nations.
the process in which a nation improves its quality of life, for example increasing life expectancy and income.
relating to the production, consumption and distribution of money.
the income of a nation from all that they produce and consequently sell (Gross Domestic Product).
an increasing linking of the world in which we live in terms of trade, technology and common values.
a shared need reliance on each other for providing support, goods or services.
restricted to a particular place, used to describe an operation that takes place in a small area in a country but often with global links.
relating to the act and method of governance of an area .
relating to the attitudes, characteristics and behaviour of people in their environment.
a shared need and reliance between at least 2 countries anywhere in the world for each other's goods and services.
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