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Global Development

Globalisation, transnational corporations and aid agencies

  • 2 things to know
  • Paper 2

Overview

Cultural, political and economic globalisation, and the roles of transnational corporations, NGOs, the World Bank and the IMF.

What you need to know

Answer each one before you reveal it.

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Process

What forms does globalisation take, and what are its cultural consequences?

Key term

What is economic globalisation, and what part do transnational corporations play?

Questions from this subtopic

Each one with the model answer underneath.

  1. 1

    Define globalisation.

    Model answer

    Globalisation is the increasing interconnectedness of societies through the movement of goods, capital, people, ideas, and culture across national boundaries.

  2. 2

    What is cultural globalisation and what are its potential consequences?

    Model answer

    Cultural globalisation involves the spread of ideas, values, and cultural practices across national boundaries, potentially leading to cultural homogenisation or hybridisation.

  3. 3

    What does political globalisation refer to?

    Model answer

    Political globalisation refers to the growing influence of international political organisations and agreements that transcend national governments.

  4. 4

    How is economic globalisation characterised?

    Model answer

    Economic globalisation involves the integration of national economies through trade, foreign direct investment, capital flows, and the activities of transnational corporations.

  5. 5

    What are transnational corporations?

    Model answer

    Transnational corporations are companies that operate in multiple countries, often with headquarters in developed nations and production facilities in developing countries.

  6. 6

    In what ways might transnational corporations promote development?

    Model answer

    TNCs may promote development through job creation, technology transfer, and infrastructure investment.

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The product belongs to the .
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Impairment means a physical or mental limitation.
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