Globalisation Flashcards
Definition?
interconnection of trade, work and travel globally
what are inter model containers?
containers able to use globally (trains, planes, ships)
factors in globalisation?
ICT Mobile devices Broadband Fibre optics GIS GPS Internet Social Media
TNC’s?
trans national corporations
MNCs?
multi national corporations
primary industry?
farming, mining, fishing, oil production
secondary industry?
processes materials from primary industry (manufacturing)
tertiary industry?
health, transport, education
quaternary industry?
finance, IT, consultancy
what is the manufacturing shift?
TNCs and MNCs moving from HICs to LICs and NICs for cheap labour in factories
what is the WTO
world trade organisation
NGO?
non-governmental organisation
IMF
International monetary fund
IGO?
Inter governmental organisation (e.g NATO)
WFTO?
World fair trade organisation