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globalisation - Coggle Diagram
globalisation
drawbacks:
-americanisation of cultures
-workers' exploitation
-import tarif
-competition between workers
-social, tax and environmental dumping
word box
-multinational companies = MNCs
-transnational companies = TNCs
-the spread of western cultures
-to dominate the word
-to boost economic growth
new trade
-slowbalisation
-deglobalisation
-reshoring
nearshoring
groups of countries
-less economically developed countries (LEDCs)
-more economically developed countries (MEDCs)
-low-cost countries
another word
to tame = apprivoiser
income growth = la paie
a plant = une usine
definitions to know
-interdependance of countries
competitive advantage
-exchange of goods, services and capital
-specialisation of countries
advantages
-economic development of poor counttries
-lax environment and labour laws