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Globalisation - Coggle Diagram
Globalisation
definitions:
Globalisation: The process by which corporations, ideas and lifestyles spread around the world.
Brand names: a name of a company or trademark
Transnational corporations (TNCs): Large companies with offices and factories all around the world.
Sweatshops: Factories where people have to work very long hours for very little money
Exploit: where a country or group of people tack advantage of a mother country or group of people.
Regenerate: Renewing or improving something that has been lost or destroyed.
Advantages of globalisation:
it is much easier for goods and services produced in one place to be sold, used and seen elsewhere.
makes it accesible to everybody across the globe.
Attracts people to the brand label not just the product
Disadvantages of globalisation:
Allows richer companies to take advantage off poorer workers where they are receiving a minimum wage of 20p and hour.
More job losses at factories in more developed countries as you would rather pay workers a lot less if you were in an LEDC or a place where work is cheaper.
workers are exploited and made to work long hours as they may live in remote places and there is very little work elsewhere
Examples of Globalisation
Sport
The premier league has been effected by globalisation in positive way as it has opened up to all countries
The premier league has become one of the most watched league in the world due to big money television deals shown world wide
Fashion
The fashion industry has changed a lot to allow more people to be workers in other countries
Nike
Nike have Headquarters in Oregon USA, Production in South east Asia and advertise on TV as well as sponoring celebrities to wear their clothes