Globalisation (Grade 11 NSC Matric Geography): Flashcards

Process creating integrated global economy via cross-border flows

Company owning/controlling production in multiple countries

Money migrant workers send home to support families/communities

Skilled workers migrating from developing to developed countries

Having components made in a country other than HQ location

Factories with poor working conditions & extremely low wages

Faster than ever before

Reduced poverty, increased life expectancy & literacy rates

Create significant employment opportunities in developing nations

Diseases spread rapidly across borders via increased trade/travel