NICs and TNCs

Globalisation is something you need to be aware of when studying industry. In this title we will be thinking about countries which have recently developed, as well as considering some of the large, global companies. The first two chapters focus on NICs, or Newly Industrialised Countries, with the second chapter giving the example of Singapore. These are the modern-day economic success stories. Chapter three is about the kind of jobs that people do in LEDCs, in both the formal and informal sectors. The final two chapters focus on examples of TNCs, or transnational corporations. In this case, Nike is used to show how these types of companies work. To write a good answer in your exam, you need to be able to give a balanced viewpoint on TNCs.