Key Terms
Large company operating in multiple countries...
Multinational corporation MNC
Which of the following is NOT a Multinational corporation (MNC)?
Coca-Cola, a Small Bakery, Arnotts Biscuits
Coca-Cola
A person selling goods to a person in India is an example of:
Exporting
Which Country is Australia's largest trading partner?
China
Which of the following is a positive impact of globalisation?
environmental degradation, increased standard of living, increased use of cheap labour, reduced use of technology
Increased standard of living
A trade agreement made between two countries
Bilateral trade agreement
Which global organisations main aim is to resolve disputes without violence?
United Nations
eBay is an example of which influence on globalisation?
Technological
True or False? WWII saw politicians actively working to create global trade links.
True
What is the term for a country with a very low Human Development Index score?
Underdeveloped Country
A tax placed on specific products when they are imported
Tariff
What does WTO stand for?
World Trade Organisation
Australians watching TV shows such as the Simpsons and Friends is an example of which concept?
Americanisation
Commodities are:
raw materials: such as, sugar, coal and timber
E-Waste is an example of a _____ impact of Globalisation.
Negative
when the value of imports is larger than the value of exports for a country
trade deficit
The most powerful trade alliance for Australia is.
China
the total value of goods produced and services provided in a country during one year
Gross Domestic Product
the process of interaction and integration of people, companies, and governments across different nations, driven by trade and investment and aided by technology
globalisation
Child slave labour is an _______ global issue? (hint, starts with E)
ethical
The sharing of ideas, values, beliefs and attitudes across national borders is called:
Cultural Globalisation
What is a trade agreement between more than two countries?
Multilateral trade agreement
What is the main goal of the WTO?
promoting free trade between countries
Name two positives of globalisation.
Answers can include: technological advances, cultural sharing, increased living standards