Globalisation and MNCs

What does TNC stand for?

• Trans national corporations

• Trade nations conference

• Trans national countries

• Trial national cooperations

Which one of the following is a characteristic of globalisation

• Low levels of labour migration

• The development of global brands

• A decrease in foreign direct investment

• A reduction in out-sourcing and off-shoring of production

Which one of the following is a negative consequence of globalisation for less-developed countries

• Enhanced cultural uniqueness

• Skills transferred to domestic workers

• Improved terms of trade

• Wider income inequalities

What are some positive effects of Globalisation ?

• Increased freedom to travel and immigrate,better access to medicine,information, and technology.
• Lower prices for developed countries and low paying jobs in underdeveloped countries
• Less pollution in the world
• All of the above

Globalisation is good because of an ________________ in standard of living , but is bad because there is a _____________ in local cultures and traditions

• increase / decrease
• decrease / increase
• increase / increase
• decrease / decrease

What type of person would be typically employed to work in a sweatshop factory?

• Poor, low skilled, young and uneducated

• rich, has higher order skills, lacks manufacturing experience

Which factor might attract a transnational corporation to a country?

• Good tourist attractions

• Cheap raw materials

• High average monthly wage

Sending goods to another country to sell.

• import

• export

A large company that has operations in more than one country.

• Domestic Corporation
• Multinational Corporation
• Foreign Corporation
• State Corporation

What are some negatives of globalization?

• Workers are exploited in sweatshops

• Pollution and deforestation

• Low wages for factory workers in Asia and Africa

• All of the answers are correct