Globalisation Flashcards
What is globalisation
How interconnected the world is
What are the key aspects of globalisation?
What is TNC
A Trans national Corporation
HQ in a HIC but operate in other countries too
What is trade?
Selling and buying goods from other countries
What is Aid?
Assisting other countries by giving money or resources
What is import?
shipping a product INTO a country so it can be used / sold
What is Export
Sending a product made in your country to another country
Why have containers been so important in increasing globalisation?
Quicker transport times and lower costs means cheaper products for consumers and bigger profits for companies
What does Interdependence mean?
Countries rely upon each other to provide goods / services.
What is Primary Industry?
Type of employment - the extraction of raw materials - Farming or Mining.
What is Secondary Industry?
Manufacturing. Turning those raw materials in to a new product. Often in factories.
What is Tertiary Industry?
Type of employment that is high paid and focussed on delivering services such as medicine or education.
What is Inequality in Millennium Development goals?
Low paid workers mean that big companies can make bigger profits.
What does MDG mean?
Millennium Development Goals
What are Millennium Development Goals?
15 targets created by the UN to improve equality around the world.