Unit 1: Globalisation Flashcards

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1
Q

What is Globalisation?

A

It is the term used to describe the way countries are becoming more interconnected, both economically and socially.

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2
Q

What are 4 factors that drive Globalisation?

A

Advances in transport and communication technology.
The growth of TNC’s.
Expansion of world trade
International Investment

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3
Q

LOSER: Those unwilling to update processes or use the new technologies. What is the winner?

A

WINNER: Those who are able to master new technologies.

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4
Q

WINNER: Those who are able to master new technologies. What is the loser?

A

LOSER: Those unwilling to update processes or use the new technologies.

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5
Q

What does UNHDR stand for?

A

United nations Human Development Report

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6
Q

What does GDP stand for?

A

Gross Domestic Product

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7
Q

Define: Economic Growth

A

The increase in a country’s output, exports or GDP

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8
Q

What does HDI stand for?

A

Human Development Index

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9
Q

Where is Sub-Saharan Africa?

A

Any countries below the Sahara Desert

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10
Q

What does the HDI measure?

A

It is a rating of the quality of life and is measured from 0 to 1.

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11
Q

What is the total surface area of the world?

A

510 072 000 km

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12
Q

What does TNC stand for?

A

Transnational Corporation.

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13
Q

Define: Culture

A

The values and customs of a particular country as expressed in the music, food, interests, dress, language, religion and sports of that country.

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14
Q

Define: Developed Country

A

A rich country of the world where most people enjoy a high standard of living.

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15
Q

Define: Export

A

A good or service sent from one country to another.

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16
Q

Define: Globalisation

A

A process caused by advances in technology which involves the web of interrelationship that have formed between countries, companies, people, resources, cultures and money.

17
Q

Define: Gross Domestic Product

A

A measure of the total value of all the goods and services produced in a country over a year and is also referred to as GNI.

18
Q

What does GNI stand for?

A

Gross National Income

19
Q

Define: Import

A

A good or service received by one country from another.

20
Q

Define: International trade

A

The movement of goods and services between countries.