Globalization — definition?
Interconnected world via flows of goods, capital, culture, technology.
Globalization — definition?
Increasing interconnectedness via flows of goods, capital, tech, culture.
British TNCs — examples?
BP, Shell, HSBC, Unilever, Vodafone.
British TNCs — examples?
BP, Shell, HSBC, Unilever, Vodafone.
TNCs — role?
Operate across multiple countries to maximize profits and reduce costs.
Historical legacy — Britain?
Empire and Commonwealth facilitated resource access and markets.
TNCs — main goal?
Maximize profits and reduce costs.
Supply chains — flow?
Raw materials → Manufacturing → Distribution → Sale.
Cultural impact — examples?
English language, Western brands, media.
Environmental/social criticisms?
Pollution, inequality, tax avoidance, local economy weakening.
Test your knowledge with 10 questions on British TNCs and Globalization.
1. Which of the following best defines globalization?
2. Which British TNC is primarily involved in the oil and energy sector and is associated with major environmental concerns?
Review the complete course in the revision sheet for British TNCs and Globalization.
See revision sheet →Import your course and AI generates flashcards in 30 seconds.
Flashcard generator