Key learning points

1. Globalisation can have severe environmental consequences and can increase global warming.
2. Local businesses are often out-competed by foreign businesses leading them to close down.
3. Globalisation has been blamed for creating a more uniform culture around the world.

Keywords

• Global warming - the increase in Earth's average temperature over a long period of time

• TNC - transnational corporations are large businesses that operate in many different countries globally

• Greenhouse gas emissions - the release of gases into Earth's atmosphere that trap heat and contribute to climate change

• Culture - a way of life, customs and behaviours that a group of people share

• Fossil fuels - natural energy sources that were formed over millions of years; they include coal, oil and gas

Common misconception