Edexcel A level Geography Globalization
June 2024 Exam
Questions and Answers 100% Pass
Businesses who operate in multiple nations, for both selling and
making products or giving their services. -
Answer>>Transnational corporations
Money sent from migrants back to their families. -
Answer>>Remittances
Two or more parties that are reliant on one another financially,
politically or otherwise. - Answer>>Interdependency
The feeling of distant places becoming increasingly closer and
accessible. - Answer>>"Shrinking world"
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. - Answer>>Foreign direct investment
Brazil, Russia, India and China joined together as the the four
fastest growing economies in the world. - Answer>>BRICS
Positive impacts on those who are poorer due to the creation of
wealth for those who are richer. - Answer>>Trickle-down
Voluntary international organisations that exist for trading
purposes, greater economy strength and security. -
Answer>>Trade blocs
Where TNCs build new facilities in low wage economies. -
Answer>>Offshoring
, Two firms in different countries merge to be one. -
Answer>>Foreign mergers
When a TNC launches a takeover of a company in a different
country. - Answer>>Foreign acquisitions
When a TNC channels profits through a subsidiary company in a
low tax country. - Answer>>Transfer pricing
A measure of the financial value of goods and services produced
within an area. - Answer>>Gross domestic product
Large capacity storage units which can be transported long
distances. - Answer>>Intermodal containers
Government owned investment funds and banks. -
Answer>>Sovereign wealth funds
Taxes that are paid when importing or exporting goods and
services between countries. - Answer>>Tariffs
Deregulation of the market. - Answer>>Free market
liberalisation
The privatisation of national services and infrastructure.
Eg. British Gas and British Rail
Can set up SEZs with tax breaks to attract FDI
Eg. The UK under Thatcher took away subsidies which lead to
decline in British manufacturing but replaced these with financial
incentives which attracted TNCs like Nissan. - Answer>>How
does privatisation encourage investment?
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