| What are
1. Developed Nations
2. Developing Nations
3. Emerging Nations | 1. Developed Nations refers to Rich, Industrialised Nations such as Britain or America. They have High GPD per Capita
2. Developing Nations refers to more Poorer Nations, that rely on Manufacturing, Agriculture and other Labour Intensive Industries.
3. Emerging Nations refers to Nations that are Further along than Developing Nations, but not yet ready to be called Developed Nations. Such as China |
| What is Globalisation? | -This Refers to the Increasing Integration of Economies Internationally |
| What are the Characteristic's of Globalisation? | -Free Movement of Capital and Labour across International Borders
-Free Trade in Goods and Services amongst Different Nations
-Availability of Technology and intellectual capital on an International Scale
-International Trade becoming a Greater Proportion of All Trade
-Increased Integration of Production
-Great Number of Nations involved with Overseas Trade
-Increase in Foreign Ownership of Firms
-De-Inudstralisation in some Nationsa and Industrislsaiton in Developign nations
-More International Division and Movement of Labour |
| Explain how Developing and Emerging Nations across the World have Changed the Manufacturing World? | -Developing and Emerging Nations are getting the Skills and Technology more easily to Make Goods. They are sold often in Developed Nations
-Labour is becoming more Cheaper in Developing and Emerging Nations when compared to Developed Nations
-This has made these Developing Nations an Attractive Manufacturing hotspot, for example, India makes Software Development for European Nations |
| What is a TNC? | -A Trans National Company are Firms that operate in at least 1 Other Country besides their Origin Nations |
| What are the Factors that Influence whether TNCs will Invest in a Foreign Nation? | -Availability of Cheap Labour and Raw Materials
-Good Transportation Links
-Access to Different Markets
-Pro-Foreign Investment Government Policies |
| What is Offshoring and Outsourcing? | -Offshoring refers to setting up a Company Abroad
-Outsourcing refers to Subcontracting Work to another Organisation |
| What are the Causes of Globalisation (There are a lot..) | -Trade Liberalisation: Removal/Reducing Tariffs and other Restrictions on International Trade
-WTO introducing Global Product Standards - Confidence
-Reduction in Real Cost & Time in Transporting Goods making it Cheaper to Import and Export (Container Ships)
-Improvements in Communication Technology
-TNCs being Profit Motivated. FDI influxes around the Globe
-Firms Expanding to Exploit Econ of Scale
-Bigger Number of TNC, as well as their Influence and Significance. Greater International Investment and Trade
-Governments wanting the Benefits of Greater Trade
-Opening of New Markets to Trade and Invest (Post USSR)
-Growth in International Trade Blocs
-Increasing Investment by Sovereign States (Norway)
-More International Specialisation |
