Y9 Geography - Globalisation key definitions
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9 Terms
Globalisation (The increasing inter… and … countries through tr..., inv…, mig…, and the spread of inf…and …ure
The increasing interconnectedness and interdependence of countries through trade, investment, migration, and the spread of information and culture
TNC (Transnational Corporation) (A company that operates…country, eh Ap…, Ni.., …zon)
A company that operates in more than one country, e.g., Apple, Nike, Amazon
Outsourcing (Paying another com…(oft abr…) to do … or service
Paying another company (often abroad) to do part of a product or service
Offshoring (Moving…activity..costs)
Moving a business activity to another country to reduce costs
Supply chain (The network…materials…product)
The network of steps from raw materials to finished product
Foreign Direct Investment (FDI)(When a…another…building…etc)
When a company invests in another country by building factories, offices, etc.
Free trade (Trade…tariffs and restrictions)
Trade between countries with fewer tariffs and restrictions
Protectionism(Using…or…industries…competition)
Using tariffs or quotas to protect a country’s industries from foreign competition
Cultural diffusion(The spread of …(fo..la..mu..fa)bet…place)
The spread of culture (food, language, music, fashion) between place
