The Impact Of Globalisation And The Role Of Transnational Corporations
Overview
The trainers on your feet may have been designed in the United States, stitched in Vietnam, made from rubber tapped in Malaysia and sold to you through a website hosted on a server in Ireland. That single product is globalisation in miniature: the world wired together so tightly that goods, money, people and ideas cross borders as never before. At the centre of this web sit the transnational corporations, firms so large that a few of them out-earn entire countries.
In this lesson you will learn what globalisation means and what drives it, how a transnational corporation organises production across many countries, and how to weigh the real benefits and genuine costs that a TNC such as Nike brings to the places where it locates, using a named country as your worked example.
Objectives
- What is meant by globalisation.
- The key features of globalisation.
- The impacts of globalisation on trade, transport, culture, communications, and technology.
- The role and global organisation of transnational corporations (TNCs).
- An evaluation of the impacts of TNCs on the countries in which they are located.
- One detailed specific example of a named country or area, to include: • the impacts of globalisation • the impacts of a named TNC which is located in the country or area.
Lesson Note
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Lesson Evaluation
Congratulations on completing the lesson on The Impact Of Globalisation And The Role Of Transnational Corporations. Now that youve explored the key concepts and ideas, its time to put your knowledge to the test. This section offers a variety of practice questions designed to reinforce your understanding and help you gauge your grasp of the material.
You will encounter a mix of question types, including multiple-choice questions, short answer questions, and essay questions. Each question is thoughtfully crafted to assess different aspects of your knowledge and critical thinking skills.
Use this evaluation section as an opportunity to reinforce your understanding of the topic and to identify any areas where you may need additional study. Don't be discouraged by any challenges you encounter; instead, view them as opportunities for growth and improvement.
- Globalisation is best defined as: A. trade only between neighbouring countries B. the growing interconnectedness and interdependence of the world C. a fall in international tourism D. governments closing their borders Answer: B
- A transnational corporation is a firm that: A. operates in only one country B. owns or controls operations in more than one country C. is always state owned D. only provides services Answer: B
- The relocation of manufacturing from developed to developing countries is called: A. cultural diffusion B. deindustrialisation at home only C. global shift D. carrying capacity Answer: C
- Which is a likely benefit of a TNC to a host developing country? A. profits always stay in the host country B. creation of jobs and a higher skills base C. guaranteed permanent investment D. lower exports Answer: B
- Which technology has done most to speed the spread of globalisation? A. the steam engine B. the internet C. the canal D. the windmill Answer: B
Available on the Green Bridge App
Download the Green Bridge CBT app on your phone or computer to access full lesson notes, practice questions, and more.
Available on the Green Bridge App
Download the Green Bridge CBT app on your phone or computer to access full lesson notes, practice questions, and more.
Recommended Books
Practice Mock Questions
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