Please enable JavaScript.
Coggle requires JavaScript to display documents.
Geography EOY - Coggle Diagram
Geography EOY
Development
-
Definitions
MNC
Multi National Company e.g. Nike, Amazon, Shell
-
NIC
Newly Industrialised Country, a country that only recently has started developing on a Global Scale, e.g. Vietnam, Nigeria, Mexico
MNC Investment in an NIC
This is when a very large company invests in a small but rapidly
economically growing country, e.g. Nike in Vietnam
-
Cons for the NIC
-
-
Once country develops it's population, they become more educated, land leave. Leaving a largely old population, the MNC leaving and the NIC going back to square 1. Aka: Brain drain
-
Multiplier Effect
The Multiplier Effect is another word for a chain reaction, where a certain event happens, leading to other events happen because of that. Examples of this happen in MNC/NIC cooperation, for example:
MNC invests in NIC
Money is gained
More money spent
Better facilities
Better education
More educated people
- 1 more item...
-
Aid
Types of Aid
Emergency Aid
Money, food goods and services given in times of dire need
-
-
-
Tied Aid
Foreign aid that must be used in the donor country to buy goods and service from the country giving aid
-
Short-Term Aid
Aid that provides support for a short time, when there is an immediate need
-
-