Globalisation
Benefits of globalisation
Why has globalisation occurred?
What is globalisation?
Problems of globalisation
Money is invested in LEDCs, providing new
jobs and skills
TNCs bring wealth and foreign currency
to LEDCs
Global competition helps keep prices low
Many problems facing the world today cross
national borders e.g. international crime and deforestation
Globalisation is the expansion of a company
from its original country to a position where
it has branches in many countries. These have
an important influence on global trade.
Richer countries dominate world trade at the expense of LEDCs which provide the rest of the world with cheap labour and raw materials
Increased trade
Labour availability and skills
Improvements in transport
Quick communications
Greater access to foreign culture like films, music and clothing
No guarantees that investment will benefit local communities
Outsourcing takes away manufacturing jobs from MEDCs as industry locates in LEDCs
As different culture around the world interact, they begin to lose their individuality
Due to a lack of strictly enforced laws, the safety workers and the natural environment are out at risk