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Unveiling Globalization: Impact on Manufacturing Industries

Explore the implications of globalisation on branded clothing production, highlighting the minimal wages, multinational sourcing, and the dominance of TNCs in the fashion sector. Understand the far-reaching effects on consumer choices and worldwide commerce.

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Unveiling Globalization: Impact on Manufacturing Industries

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  1. Globalisation- 10 important facts • Branded clothing is often made in poor countries LEDC’s • People who make the products are paid very little • A pair of jeans may have parts from many countries • Nike has factories in many different countries • Globalisation effects what we eat and what clothes we wear • Some TNC’s revenue is greater than the GDP of certain countries • Most of the world’s largest TNC’s are based in America • The largest TNC’s include Exxon, Ford, Coca-Cola and Microsoft. • The main aim of TNC’s is to make a profit. • Globalisation means the way companies, ideas and lifestyles are spreading around the world.

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