Geography A level Globalisation Edexcel Midterm Exam And Verified Answers 2024.
Transnational corporations - Answer Businesses who operate in multiple nations, for both selling and making products or giving their services. Remittances - Answer Money sent from migrants back to their families. Interdependency - Answer Two or more parties that are reliant on one another financially, politically or otherwise. "Shrinking world" - Answer The feeling of distant places becoming increasingly closer and accessible. Foreign direct investment - Answer A financial injection made by a TNC into a nations economy. This could be to build new facilities or to merge with already existing companies. BRICS - Answer Brazil, Russia, India and China joined together as the the four fastest growing economies in the world. Trickle-down - Answer Positive impacts on those who are poorer due to the creation of wealth for those who are richer. Trade blocs - Answer Voluntary international organisations that exist for trading purposes, greater economy strength and security. Offshoring - Answer Where TNCs build new facilities in low wage economies. Foreign mergers - Answer Two firms in different countries merge to be one.
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