US Industry Develops - multinational expansion and globalisation (Leaving Cert History): Flashcards
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Multinational corporations (MNCs) definition
Multinational corporations (MNCs) definition
Companies operating in multiple countries, producing and selling goods/services globally
Examples of MNCs that became global brands
Examples of MNCs that became global brands
Coca-Cola, Ford, IBM
How MNCs boosted U.S. economy
How MNCs boosted U.S. economy
Increased exports and created jobs at home and abroad
Foreign investment definition
Foreign investment definition
Investors from one country putting money into businesses or assets in another country
Impact of foreign investment on U.S. economy
Impact of foreign investment on U.S. economy
Brought capital, created jobs, stimulated growth and innovation
Globalisation definition
Globalisation definition
Increased interconnectedness and interdependence among countries
When did globalisation increase significantly
When did globalisation increase significantly
After 1945
What facilitated globalisation after 1945
What facilitated globalisation after 1945
Tech advances, transportation, and communication improvements
Globalisation's benefits to U.S.
Globalisation's benefits to U.S.
Sell products worldwide, import goods, cultural exchange
What does GATT stand for
What does GATT stand for
General Agreement on Tariffs and Trade
GATT later became which organisation
GATT later became which organisation
World Trade Organisation (WTO)
Role of GATT/WTO in global trade
Role of GATT/WTO in global trade
Reduced trade barriers and promoted fair competition
U.S. exports in post-war period
U.S. exports in post-war period
Machinery, technology, and agricultural goods
U.S. imports in post-war period
U.S. imports in post-war period
Raw materials and consumer products