Going Global Definition Flashcards
Definitions
Asylum seekers
People fleeing their country of residence for international protection by another government
Birth rates
The number of live births per 1000 people
Censorship
A government that restricts the flow of knowledge and information
China’s Open Door policy
19780 china allows foregij industry and TNCs in to promote a modern and thriving china
Containerisation
a logical system of transporting goods in steel containers
Cultural diffusion
The spread of cultural beliefs and social activities into different cultures
Cultural erosion
The reduction of a culture due to globalization
Death Rate
The number of deaths per 1000 people
Deindustrialisation
A reduction in industrial capacity , leading to social and economic within a region
Downward transition zones
A country or city with predicted economic decline, industrial reduction or switch off from globalisation
Economic migration
Movement of migrants to improve financial income or standard of living
Environmental migration
The movement of an individual or population due to natural hazard, drought, famine or sea level rise
Foreign Direct Investment (FDI)
An investment by one country or business with an interest in another country
Global Hubs
Cores that demonstrate connections to the world (through trade, ideas, migration, ect.) TNC’s and foreign direct investors will show an interest to base here
Globalisation
The increase in interdependence of countries through cross border movement of capital, goods and services, people, culture and information
Glocalisation
The adaptation of a good ordered by a TNC to suit a local market
International Monetary fund (IMF)
A fund of 189 member countries with the aim to and each other to achieve financial stability and provide loans for development
KOF
index of globalization which takes into account the social, economic and political globalisation of a state
Liberalisation
a reduction in government control within industry, creating an opportunity for greater participation from private businesses and TNC’s within an industry
Offshoring
company moves parts of its operation to another country, often to save money
outsourcing
A business contracts outside businesses to complete some of their work, with the aim to reduce costs
Privatisation
when national public serviced become owned by private businesses
Refugee
The forced movement of an individual due o persecution, war or political unrest
Sovereignty
Control over a country’s own laws and regulations
Special economic zones (SEZ)
Regions where the government offer incentives to attract industry
Transnational company (TNC)
A company which operates in different countries to where they are originally based
Trade Bloc
A group of countries that act toghether to promote trade and a free movement of goods/services between member states
World Trade Organisation (WTO)
Member seek substantial reductions on tariffs and trade barriers and the elimination of preferences on a mutually advantageous basis
