Consequences of International Trade (AQA A-Level Geography): Flashcards
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Practise the cards
10 cards from this deck
4 main beneficiaries of globalisation
4 main beneficiaries of globalisation
Emerging economies, TNCs, intl orgs, trading blocs
Examples of emerging economies
Examples of emerging economies
China, India, Brazil, South Korea
3 key international organisations
3 key international organisations
IMF, World Bank, WTO
Economies of scale meaning
Economies of scale meaning
Increased output reduces per-unit costs through specialisation
Infant industries problem
Infant industries problem
New industries in developing countries can't compete with TNCs
National populism examples
National populism examples
Brexit, Trump's election
Glocalisation definition
Glocalisation definition
Global products customised for local markets
Offshoring & outsourcing impact on workers
Offshoring & outsourcing impact on workers
Job losses & wage stagnation in developed countries
Key environmental impact of globalisation
Key environmental impact of globalisation
Increased transport emissions from moving goods globally
TNC profit leakages issue
TNC profit leakages issue
Profits sent home, not reinvested locally in dev. economies