GLOBALISATION - Definitions Flashcards
(26 cards)
What is the definition of the global market?
The buying and selling of goods and services on an international scale.
What is the definition of exporting?
Selling domestically produced goods and services to overseas markets.
What is the definition of globalization?
The process of increased global interdependence between countries.
- economic and cultural links
What is the definition of importing?
Buying goods and services from a seller overseas.
What is the definition of primary products?
All natural products.
What is the definition of quotas?
Limits places on the amount of a product that can be imported.
What is the definition of tariffs?
A tax on imported goods that is meant to ‘protect’ locally produced goods against competition from overseas.
What is the definition of trade?
Buying and selling of goods and services.
What is the definition of TNCs?
Transnational corporations.
- have an interdependent network of worldwide operations
What is the definition of bonds?
The means by which governments and corporations borrow money from the public.
What is the definition of broker?
Someone who buys and sells shares on behalf of an investor.
What is the definition of debt securities?
An IOU from governments and corporations given to the public in return for borrowing their money.
What is the definition of equity investment?
Becoming a part-owner in a corporation through shares.
What is the definition of international bond market?
The market of all bonds sold by organisations outside their own countries.
What is the definition for managed funds?
Funds provided by financial institutions that enable someone to combine their money with other investors into a single fund.
What is the definition for portfolio?
The collection of shares owned by an individual or business.
What is the definition for shares?
Shares represent part ownership for an individual or shareholder in a public company.
What is the definition for traders?
Individuals who buy and sell currencies and other forms of financial investments.
What is the definition for ethical business practice?
The responsibility of a business to conduct itself in a manner that is just and fair.
What is the definition for global business cycle?
The periodic cycle of booms and busts in global economic activity.
What is the definition for subsidiary?
A company controlled by another business that owns some or all of the shares in the subsidiary.
What is the definition for tax havens?
Countries with low corporate tax rates.
What is the definition for transfer pricing?
Payments made from one part of a global business for goods and services provided by another.
What is the definition for bilateral aid?
Development assistance given by a government directly to the government of another country.
