Globalisation Flashcards
Death rate
Number of deaths per 1000 per year in a region
Birth rate
Number of births per 1000 per year in a region
Economic migrant
Migrant whose primary motivation is to seek employment
Migrants who already have jobs may be searching for better pay/more regular pay/promotion/change of career
Internal migration
Movement of people between different regions within same nation
Example of internal migration
Millions of people in poorer nations move from countryside to cities in recent decades in response to differing levels of economic opportunity
Intervening obstacle
Barrier to migrant such as a political border or physical feature (e.g. Mediterranean for North Africans heading to Europe)
Other obstacles include family pressures and travel costs
Intervening opportunity
Alternative migration destination that exists between migrants place of origin and intended destination
Natural increase
Difference between BR and DE usually converted into a percentage
Natural decrease
Higher humber of deaths than births in a year
Structural adjustment programmes
Strict conditions imposed on countries receiving loans from IMF and World Bank.
Receiving governments may be required to cut back on healthcare, education, sanitation and housing programmes
Elite
A group of people who are economically and socially powerful.
Money may be inherited or entrepreneurial in origin (e.g. Bill Gates has earned over $50b from his company Microsoft)
Foreign direct investment
A financial injection made by a TNC into a nation’s economy
- Build new facilities e.g. Factories/shops
- Acquire or merge with existing firm there
Rural-urban migration
Movement of population from rural to urban areas
Typically young (15-30yrs) and male dominated, although in Asian nations (esp China and Thailand) there is balance between men and women
Development gap
Difference in levels of economic and social well being between richest and poorest people on planet
Gross domestic product
Measure of financial value of goods and devices produced within a territory (including foreign firms located there).
Divided by population size to produce a per capita figure for purpose of making comparisons.
Human development index
A UN measure of economic and social development that takes Ito account income per capita, life expectancy and literacy
Poverty
Lack of wealth
Absolute poverty
Income levels below what is needed to maintain an adequate diet
Relative poverty
Income levels that are below average for a region
Petrodollars
Money derived from selling oil
Since formation of OPEC, states (e.g. Saudi Arabia, UAE inc. Dubai, Venezuela) experienced significant increases in levels of national wealth
Spatial division of labour
Common practice among large firms for moving low skilled work abroad to places where labour costs are low, where factories and call centres are established in poorer countries.
Important skilled jobs (e.g. Management/research) are retained at firm’s HQ in country of origin
Maquiladora
Branch plant in Mexico
Trade blocs
Voluntary international organisations that exist for trading purposes, bringing greater economic strength and security to nations that join
Assembly industries
Manufacturing operations that take the products of many different industries and fit these together to make finished goods
Transnational corporations
A company that has operations in more than one country
Branch plant
Factory built in a country by a TNC which has HQ elsewhere
Consumption
Purchase and use of commodities (both food and goods), services, and landscapes (if one pays to visit the landscape, therefore consuming it)
Glocalisation
Local sourcing of parts by TNCs in places where they assemble their global products close to markets. At the same time, they are able to customise products go meet local tastes or laws.
Parent company
Original business that a global TNC has developed around and whose directors still make decisions that affect the organisation as a whole
Example for parent company
Walt Disney company owns several television networkers, animation studios (e.g. Pixar) and 11 theme parks
Tertiary sector/service sector
Consists of businesses that produce no physical product. Instead, they sell the products of manufacturing/agricultural industries or offer service (e.g. Education/tourism)
Minimum wage
Hourly wage set by nations government that all companies must pay to their employees.
UK’s minimum wage
More than £5/hour but most poorer countries have no such rules
Core
Most developed and highly populated region of country. Growth of core regions is fed by flows of labour from less well developed regions.
Switched on places
Nations, regions or cities that are strongly connected to other places through production and consumption o goods and services.
Switched off places
Places that are poorly connected
Wilderness
an area of planet that had remained relatively untouched by human activity and is home to only small numbers of indigenous people.
Examples of wildernesses
Rain forests of Amazonia and Borneo
Antarctica
Unpopulated regions
Shrinking world/time-space compression
Due to technology, distant places start to feel closer and take less time to reach.
Network
Illustration or model that shows how different places are linked together
Nodes
Points on a network map
Global hub
A node that is especially well connected