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Geography > Global Systems Keywords > Flashcards

Global Systems Keywords Flashcards

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1
Q

Definition of Globalisation

A

The interdependence of countries and integration of economies

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2
Q

Definition of free trade

A

When there’s no tariffs or barriers between trade

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3
Q

Define fair trade

A

When the producer receives a larger share of the revenue due to cutting out the middle man

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4
Q

Define global common

A

An area that is not owned by a single country but governed collectively

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5
Q

Define United nations

A

A global system that promotes international cooperate and maintain international order

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6
Q

Define global system

A

Global systems are the framework of globalisation

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7
Q

What is the IMF

A

The international monetary fund is there to provide financial stability, control international trade, promote economic growth and reduce poverty

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8
Q

What is the world bank

A

A global system that provides loans and money for national projects to rescue poverty

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9
Q

Define NGO

A

A non-govermental organisation

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10
Q

What is the shrinking world effect?

A

The idea that due to the advancement in technologies and the transport the world has shrunk

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11
Q

What is interdependence?

A

When two countries rely upon each economically

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12
Q

Apple?

A

A large TNC located in California, America that manufactures it products through FoxComm in China

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13
Q

Shell?

A

A large TNC located in the Netherlands that has a large influence in LIC’s like Nigeria

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14
Q

What is the Tragedy of the commons?

A

The idea that people will always act in selfish ways and exploit a common area

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15
Q

FDI

A

Foreign direct investment

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16
Q

Trade deficit

A

The deficit of a countries imports and exports

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17
Q

Primary sector

A

Where the “goods” are grown or harvested

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18
Q

Secondary sector

A

Where the “goods” are manufactured or used to create something

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19
Q

Tertiary sector

A

The service sector

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20
Q

Trade bloc

A

A group of countries that has reached a common trading agreement that applies to all of them

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21
Q

European Union

A

A trade bloc of 28 countries located in Europe

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22
Q

Antartica

A

A global common found in the southern hemisphere

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23
Q

SCAR

A

Scientific committee of Antarctic research

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24
Q

WTO

A

World trade organisation

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25
Q

Global governance

A

The integration of political institutes internationally

26
Q

UNDP

A

The United Nations development programme

27
Q

UNEP

A

The United Nations environmental programme

28
Q

Antarctic treaty

A

A treaty that 53 countries have signed to protect and converse the Antarctic as the “last wilderness”

29
Q

International whaling moratorium

A

A treaty created to limit and reduce the amount of whaling

30
Q

Kuala Cocoa

A

A cocoa co-operative located in west Ghana

31
Q

Southern Ocean

A

This is the most southern Ocean

32
Q

What is OPEC?

A

The Organisation of petroleum exporting countries is a trade block to decide the policies and prices of oil globally

33
Q

What is the EFTA?

A

The European free trade association is a European trade block made up of four countries who are not part of the EU, provides free trade

34
Q

What does the WTO do?

A

This regulates global trade trying to make it flow as smoothly and as predictably as possible, to do so they do some of these things;

  • act as a forum
  • settle trade disputes
  • assist developing countries with trade policy issues
35
Q

Where does the WTO get it’s money from?

A

Each member (160) pays a quota depending on its economic size

36
Q

What is the aim of the IMF?

A

“foster global monetary cooperation, secure financial stability…promote high employment and sustainable growth and reduce poverty around the world”

37
Q

How are the IMF and world bank different?

A

The IMF promotes global trade and investment whilst the world bank is more focused on long term development

38
Q

How does the IMF get it’s money?

A

The members all pay a quota depending on their economic size

39
Q

What is the aim of the world bank?

A

To promote investment globally, and bring equality globally

40
Q

What does the world bank do?

A

Provides low interest loans and focuses on improving health and education services

41
Q

What is an example of the world bank providing funding for a top down project?

A

A relief fund of $1.1 billion given to Chad for their government to spend on health and education services

42
Q

What is an example of a bottom up project funded by the world bank?

A

The Gabon urban development programme which was used to improve the living conditions of the poorest communities in three different cities

43
Q

What is SAARC?

A

The south Asian association for regional cooperation

44
Q

What is the aim of SAARC?

A

To improve the quality of life through the acceleration of economic growth, social progress and cultural developments

45
Q

How does SAARC achieve its aims?

A

By focusing on issues such as telecommunications, energy, climate change, transport, poverty, technology, trade, education, food security and tourism

46
Q

What is NAFTA?

A

The North American free trade agreement

47
Q

What were NAFTA’s aims?

A

Eliminate trade barriers, promote free competition, increase investment opportunities and maintain the global economic competiveness

48
Q

What is the aim of the UN?

A
  1. Maintain world peace
  2. Develop relationships amongst nations
  3. Foster cooperation amongst nations
  4. Provide a forum for bringing countries together
49
Q

How many members does the UN have?

A

193

50
Q

What is Mercosur?

A

A south American trade bloc consisting of 10 members

51
Q

What are the aims of Mercosur?

A

It allows free movement and free trade to occur both internationally and globally

52
Q

What is the Pacific alliance?

A

It is a trade bloc that consists of 7 countries on the Pacific coastline

53
Q

How does the Pacific alliance differ from Mercosur?

A

This trade bloc is open to bilateral agreements such as dealing with the US and with a
Asia

54
Q

Embargoes

A

This is the banning of trading with another country

55
Q

How many millennium goals were there intially?

A

8

56
Q

Name a TNC that has a global reach?

A

Apple

57
Q

How does Apple help LIC’s?

A

By proving FDI which allows for development and economic boom

58
Q

Why does Apple manufacture in China?

A

This is due to low labour costs and substandard labour conditions

59
Q

What is average monthly wage in Foxcomm city?

A

$150 to $200, above the average however

60
Q

Where is Apples European headquarters located?

A

Cork , Ireland

61
Q

How many people are employed in Apples European headquarters?

A

4000 workers

Geography (5 decks)

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