SG4 CSMP Flashcards
what is a player?
person/group of people/organisation/government who have an interest in a particular change or development
what is a public player?
those seeking economic development to improve social welfare
what is a private player?
primary aim is to generate money to make a profit on their investment
what is structural economic change?
process by which distribution of economic output, shifts from one sector to another
what is foreign direct investment?
investment in a country by a TNC who’s headquarters are based in another country
what is a comparative advantage?
the principle that countries or region benefit from specialising in an economic activity in which they are relatively more effcient or skilled in
who are the Asian Tigers?
asian countries which underwent repaid industialisation and economic growth
Taiwan
who are the tamil tigers?
militant bracnh of the tamils who sought to establish an independent tamil state
what is GDP per capita?
total market value of all final goods and servies produced in a country in a given year, divided by the number of people in the country
what is the new international division of labour?
the reorganisation of manufacturing at the global scale as a result of deindustrialisation in AC’s and the global spread of TNC’s
is the national government a public player or a private?
public
are TNCs public or private players?
private
are NGOs public or private players?
public
are property developers public or private players?
private
what was the employment structure of Sri Lanka in 1980 compared to 2014
1980
Primary - 45%
Secondary - 15%
Tertiary - 40%
2014
Primary - 20%
Secondary - 35%
Tertiary - 45%
