Unit 1: Globalisation Flashcards
What is Globalisation?
It is the term used to describe the way countries are becoming more interconnected, both economically and socially.
What are 4 factors that drive Globalisation?
Advances in transport and communication technology.
The growth of TNC’s.
Expansion of world trade
International Investment
LOSER: Those unwilling to update processes or use the new technologies. What is the winner?
WINNER: Those who are able to master new technologies.
WINNER: Those who are able to master new technologies. What is the loser?
LOSER: Those unwilling to update processes or use the new technologies.
What does UNHDR stand for?
United nations Human Development Report
What does GDP stand for?
Gross Domestic Product
Define: Economic Growth
The increase in a country’s output, exports or GDP
What does HDI stand for?
Human Development Index
Where is Sub-Saharan Africa?
Any countries below the Sahara Desert
What does the HDI measure?
It is a rating of the quality of life and is measured from 0 to 1.
What is the total surface area of the world?
510 072 000 km
What does TNC stand for?
Transnational Corporation.
Define: Culture
The values and customs of a particular country as expressed in the music, food, interests, dress, language, religion and sports of that country.
Define: Developed Country
A rich country of the world where most people enjoy a high standard of living.
Define: Export
A good or service sent from one country to another.