Globalisation is the process by which companies or other organisations start operating internationally or gain international influence.
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What does TNC stand for?
Transnational Cooperations
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What is the major difference between globalisation and TNCs?
Globalisation is the process of transitioning into operating in a international scale meanwhile a TNC has already gone/is currently going through the process.
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What place organises countries into the four income groups every year?
The World Bank
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Name the four income groups that countries are classified into.
Low, low-middle, high-middle and high income.
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What does MEDC stand for?
More economically developed country.
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What does LEDC stand for?
Less economically developed country.
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List 3 pros of globalisation
Access to jobs, increase global co-operation, access to resources, increased competition.
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List 3 cons of globalisation
Environmental concerns, chance for a country to specialise, disproportionate growth.
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List all 6 of the basic needs.
Food, water, shelter, power, waste treatment, medical care.
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Define sustainable development.
Development that meets the needs of the present without compromising the ability of future generations to meet their own needs.