Terminology

Question 1

Globalisation

Answer 1

The integration of the worlds economy and culture through the mass consumption of mainly western culture, technology and trade.

Question 2

Transnational corporations (TNC’s)

Answer 2

Large companies that operate in a number of countries but generally have their head quarters in a country of the developed world

Question 3

GDP

Answer 3

Gross domestic product refers to how much money is made by a country from product and trade.

Question 4

HDI

Answer 4

Human development index measures the life expectancy at birth, adult literacy rates and educational standards of a country.

Question 5

International trade

Answer 5

The movement of goods from one country to another.

Question 6

Global village

Answer 6

A term used to describe how the world appears to be getting smaller through advances in technology.

Question 7

Popular culture

Answer 7

Mainstream culture. Associated with forms of entertainment such as tv, sports, music, books, movies.

Question 8

Development

Answer 8

A process of change that results in an improvement in the quality of life of a community.

Question 9

Global commons

Answer 9

Resources that no individual country owns or has legal responsibility for. Eg. The oceans.

Question 10

Quality of life

Answer 10

The way in which people live their daily lives, not just how poor or wealthy they are.

Question 11

Franchise

Answer 11

Sell the rights to use the trading name, know how methods and procedures of an established business. Eg. Subway stores

Question 12

Infrastructure

Answer 12

The facilities needed for the effective functioning of a community. Eg. Roads/transport, health care, education, water and power supplies and telephone and Internet services.

Question 13

Cultural integration

Answer 13

Increasing Linkages and similarities between world cultures.

Question 14

Standard of living

Answer 14

Economic overall well being of people. Those with greater wealth are assumed to have a higher standard of living than those with less money.

Question 15

Culture

Answer 15

The way of life of a people, including their traditions, customs, languages and belief systems.

Question 16

Sustainability

Answer 16

The wise use of natural resources so that people in the future can still use them.

Question 17

What is a fossil fuel?

Answer 17

A fossil fuel is a resource which energy is produced through burning. They are non renewable eg. Coal, natural gas.

Question 18

What are examples of the effects of globalisation

Answer 18

Being able to contact people over the Internet from far away, being able to travel to places all over the world, being able to ship clothes.

Question 19

What is a positive of Globalisation

Answer 19

We can connect with others from far away, we can trade and buy things from different countries which can then be shipped over.

Question 20

What is a negative of Globalisation

Answer 20

Countries money go overseas, cultures may be lost, TNC’s may underpay workers or overwork them in developing countries, local companies can be driven out of business by TNC’s

Question 21

What is a developed country

Answer 21

High standard of living or hdi level

Question 22

What is a developing country?

Answer 22

Country with an unsustainable standard of living or low hdi level

Question 23

GDP

Answer 23

Gross domestic product is the amount of agricultural product that is made and sold through countries.

Question 24

What causes disease in poor countries

Answer 24

Lack of fresh clean drinkable water

Question 25

Death of distance

Answer 25

Is just like global village

Question 26

Economic integration

Answer 26

Countries and firms connecting and integrating into other parts of the world. Eg. TNC’s.