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Development p.2 - Coggle Diagram
Development p.2
Topic 46
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New Zeland
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tertiary sector is the main employment sector→ people work in hospitals, schools, offices etc
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Topic 47
Globalisation
the process of increased connections of countries, especially in economics, politics and culture
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benefits
- money is invested in LEDCs, providing new jobs&skills
- TNCs bring wealth&foreign currency to LEDCs
- global competition helps to keep prices low
- many problems cross national borders and aid agencies can respond quickly to natural disasters
- greater access to foreign culture
problems
- MEDCs dominate trade and cheaper labour in LEDCs
- cheaper→TNC might close down the factory→local people become redundant
- loss of individuality/culture
- poor conditions / environmental damage
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