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Flashcards in Globalisation Deck (5)
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1
Q

What is globalisation?

A

The integrations economies and industries

2
Q

What are ‘transnational’ companies?

A

They don’t belong to any particular country

3
Q

Why are businesses likely to set up factories in China or India?

A

Because labour is cheap and the health and safety regulations are not strict so they don’t cut into profits

4
Q

Why do governments in China and India encourage westerners to build factories in their countries?

A

Because although wages are low on a western standard, they are still high in an eastern context, so this will help their economies grow.

5
Q

Why is the UK a ‘consumer society’?

A

Because we buy cheap goods and throw them away, either because they are not built to last or because a better version has come out.