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FLAT
F- Foreign Investment Foreign investment describes the various ways in which businesses from one country gain entry to and become involved in the business life and markets of another. The specific motives for this are to gain direct access to lucrative markets, to seek out new resources of raw materials and energy and also to exploit the cheap labour. A perfect example of this is india and the boom in call centre work that has taken off over there. The key features of global foreign investment today are - a change in capital source, i.e. a shift from governments to TNC's - support for the branch economy involving the setting up of factories and offices in more competitive and cheaper locations. - shifts in capital destinations. competitive bidding.
L- Labour As there is an increase in global investment there a more and more jobs created and also for the work force theres a greater opportunity to go up the 'work ladder' and get better job. The key features of global labour force are -more job opportunities are created as global economy expands -greater mobility of labour - wage differentials widening between the North and South, and between the most highly and lowly paid workers in a particular country. - more women in the work force.
A- Aid Key features concerned with global aid are - an increase in Third World debt - NGO's and UNO coming to the force.
T- Trade Key featurs of global distribution of trade are- - Volume of global trading is expanding enormously - Global visible trading (trding in resources and products) is dominated by the the North - A rise in ivisible tading (trading on services) makes a significant impact in global trade
