Globalization — definition?
Interconnected world via flows of goods, capital, culture, technology.
British TNCs — examples?
BP, Shell, HSBC, Unilever, Vodafone.
TNCs — role?
Operate across multiple countries to maximize profits and reduce costs.
Globalization — definition?
Increasing interconnectedness via flows of goods, capital, tech, culture.
British TNCs — examples?
BP, Shell, HSBC, Unilever, Vodafone.
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.
Answer 10 questions on British TNCs and Globalization.
1. Which of the following best defines globalization?
2. What is a primary goal of transnational corporations (TNCs) in the context of globalization?
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