What is globalisation?
The process by which the world is increasingly interconnected
What is a transnational corporation (TNC)?
Large company that operates in several countries e.g. Nike
What is trade?
The exchange of goods, money and services between countries and regions
What is aid?
The movement of money and/or resources from 1 place to another in order to help the receiver
What does import mean?
Goods bought into a place from another
What does export mean?
Goods sold from a place to another