Globalisation (Junior Cert Business Studies): Flashcards
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Practise the cards
15 cards from this deck
Definition of globalisation
Definition of globalisation
Process where countries exchange goods, services & ideas worldwide
Three factors enabling globalisation
Three factors enabling globalisation
Technology advances, better transport, government agreements
How technology advances help globalisation
How technology advances help globalisation
Email, messaging, video calls allow instant communication globally
How better transport helps globalisation
How better transport helps globalisation
Goods moved further, faster & more affordably than before
Role of government agreements in globalisation
Role of government agreements in globalisation
Reduce taxes/import costs; WTO regulates international trade
Definition of global business
Definition of global business
Company that operates in many countries around the world
Number of countries McDonald's operates in
Number of countries McDonald's operates in
119 countries
KFC outlets in China
KFC outlets in China
Over 4,500 outlets
Consumer benefits of globalisation
Consumer benefits of globalisation
Greater choice, easy availability, lower prices
Number of people Apple employs in Ireland
Number of people Apple employs in Ireland
Approximately 6,000 people
Environmental risk of globalisation
Environmental risk of globalisation
Transporting goods long distances creates pollution
How globalisation affects local identity
How globalisation affects local identity
Towns lose unique character as global chains dominate
Economic inequality risk from globalisation
Economic inequality risk from globalisation
Wealthy countries get richer, poorer nations exploited
Ireland's Starbucks concentration in Europe
Ireland's Starbucks concentration in Europe
Highest concentration of Starbucks in Europe
What WTO stands for
What WTO stands for
World Trade Organisation