CSMP - Keywords and Concepts (Globalisation) Flashcards
What is Globalisation?
The growing interconnectedness and interdependence of countries worldwide through flows of people, money, resources and ideas.
What is Global Shift?
The international relocation of different types of industrial activity, especially manufacturing industries (e.g. since the 1960s, many industries have vanished from Europe and North America, now thriving in Asia and South America).
What is Structural Economic Change?
Changes to the proportion of population employed in different economic sectors (links to the different job sectors: primary, secondary, tertiary etc.).
What is Time Space Compression?
The set of processes leading to a ‘shrinking world’ caused by reductions in the relative distance between places, through advancements in technology: transport and communications (links to globalisation).
What is Diaspora?
People with the same ethnic or national roots who live across a range of different countries.
What is Deindustrialisation?
Decrease in the importance of industrial activity in a loyal place or wider region (measured in terms of employment and economic output).
What is Foreign Direct Investment?
Financial investment made by a TNC or other international players into a state’s economy.
What is a TNC?
Transnational Corporation is an enterprise involved with the production of goods, services and foreign investment; they have a global reach.
What is Offshoring?
TNCs move parts of their own production process (e.g. factories or offices) to other countries to reduce labour and costs.
What is Outsourcing?
TNCs contract another company to produce the goods and services they require rather than do it themselves, resulting in the growth of complex supply chains.
What is Shifting Flows?
Flows describe movement into or out of a place. The flows of people, resources, investment and ideas will often lead to changes to place characteristics, therefore transforming place profiles.
What is Counter Urbanisation?
Migration of people from urban to rural areas.
What is Urban Sprawl?
Outward expansion of a settlement, as people and economic activities relocate near its edges.
