Globalization

Logorama The film is about logos – many of which you will know. 1)While watching the film – make a list of all the logos that you know (ones that you can say what they sell/make).

Classification of Logos 2) Using the list of logos that you have produced – sort them into the following categories: HealthmotoringcomputingEntertai- nment financeFood & drinkToysSport

3) Pick 7 logos/companies & write a paragraph for each explaining: - what they make - why you know them - Who their main competition is. 4) Homework: research & write down the country in which each company has its headquarters.

What is it? Globalization is the spread of ideas & cultures around the world. There are several aspect to globalization: – Economic: trade, imports/exports, finance. – Media : TV channels, film, music. – Communication : , phones, internet.

The Shrinking World Developments in transport mean we can travel much faster now & we often think of distance in terms of time. Task Write a paragraph explaining how telecommunication advances have helped globalisation ( , text, skype, itunes etc). These have led to the concept of a ‘shrinking world’

Globalization of Industry TNC: (Trans-National Corporation) These are companies that have operations in two countries. MNC: (Multi-National Corporation) Companies that have operations in multiple countries: –MacDonald's, Toyota, IBM, Coca Cola

Reasons for firms becoming multi- national? Questions 1-4 on page 67.

Benefits for Host Countries Create more jobs in the country. Make the country more recognized worldwide – this could attract more MNCs to locate there. Increased output for the country & so more tax for the government - could allow more investment in health & education etc. Possible investment infra-structure. Train/educate workers and make them more skilled. Bring new technologies to the country. Bring in new cultures and ideas.

Problems for host countries Poor working conditions for their workers (hours work, safety). Often low paid workers & the local staff don’t get the management positions Have an influence on local cultures - maybe bring foreign cultural aspects into the local culture. May force local businesses out of business. Often cause environmental damage & pollute the atmosphere/waters. If MNC decides to leave for a cheaper country it leaves a lot of people unemployed.

Tasks Read through page 72 & complete tasks 1 & 3 on p.73. Read page 74. Discuss whether you think globalisation is a good thing or not? (8 marks).