India & Global Development : Key Words Flashcards
Define : geopolitics
Politics and international relations, influenced by geographical factors
Define : peninsula
Surrounded by bodies of water on three sides (like India)
Define : primary sector
Getting raw materials from the land e.g., farming, forestry.
Define : secondary sector
Making products out of raw materials e.g., food processing, car manufacturing.
Define : tertiary sector
Providing a service e.g., doctors, teachers.
Define : quaternary sector
ICT and research e.g., computer software designers, research scientists.
Define : disposable income
Income remaining after taxes, rent, etc. have been paid
Define : landscape degradation
Human-involved processes acting upon the land negatively effect its environment
Define : public sector
Revolve around the government, control management and ownership (e.g., NHS)
Define : private sector
Revolve around individuals and groups motivated by profit
Define : privatisation
Transference of a company or industry to the private sector, from the public sector
Define : barriers to trade
Government constraints on the flow of international goods and services
Define : TNC’s
A company that operates on a global scale with HQ in developed country and other parts elsewhere
Define : FDI
foreign direct investment : an investment from one country and organisation, directly to another
Define : multiplier effect
Not only improves employee lives, but has a knock-on effect, e.g., money being spent on local businesses