foreign direct investment. Investment in a business that operates in another country

transnational corporation. A company that operates in more than one country

an increased connectedness between different countries that spreads money, ideas, goods and people

trade between countries or economic regions where no tariffs (tax) exist on imported or exported goods

the takeover of state-run industries by private corporations

Economic impacts of globalisation

Geography

This unit teaches pupils about the human geography of the UK. Pupils learn about population distribution, the location of cities and the impacts of migration. Pupils also learn about the role of the UK government and the EU and the importance of globalisation in the UK's changing economy.

Places and people in the UK

Reduced outsourcing of jobs to other countries

Many manufacturing jobs have moved abroad

New industries were created in rural areas

How has globalisation impacted manufacturing in the UK?

Which of the following is a positive economic effect of globalisation in the UK?

TNCs only benefit developing countries, not the UK.

FDI and TNCs are harmful to the UK’s economy.

FDI is unnecessary as the UK has enough domestic capital.

FDI and TNCs can provide essential investment and create jobs.

Why should the UK embrace Foreign Direct Investment (FDI) and Transnational Corporations (TNCs)?

Lower job security and possible redundancies

What is one effect of privatisation on workers in a state-owned company?

The process of businesses operating globally

The creation of a single national currency

Which of the following cities has the largest population in the UK?

Which of these regions in the UK has the lowest population density?

How has migration affected the population of the UK?

People are moving from cities to rural areas.

People are increasingly migrating to coastal towns.

Rural areas are becoming more densely populated.

There is a trend of urbanisation, with more people moving to cities.

What is the trend in population movement within the UK?

Which of these is a key economic sector driving growth in many UK cities?

Starter Quiz