Unit 3: Globalisation Flashcards
Clark Fisher Model
A model used to show changes in employment structure that happen over time.
Movement of goods around the world in large container ships
Containerisation
Deindustrialisation
Where secondary employment in a country is rising (production/ manufacturing)
Investment in a countries factories, transport and infrastructure that is given by a foreign company
FDI (Foreign Direct Investment)
Globalisation
The growing interdependence between countries
IMF
International Monetary Fund- An organisation that aims to help and prevent financial problems around the world.
Merger
Two companies with similar products join together to form a larger company (one might buy the other)
New Economy
Businesses that are based on the sale of services, rather than goods.
A country that is industrialising very quickly
NIC (newly industrialising quickly)
Primary Industry
Jobs that involve extracting raw materials from the land (e.g. fishing, mining)
Jobs that involve manufacturing (making) something (e.g. seamstress)
Secondary Industry
Tertiary Industry
Jobs that provide a service (e.g. sales assistant)
Quaternary Industry
Jobs that provide information and expert help (e.g. ICT support, research and development)
A factory where workers are expected to work long hours, with low pay and poor working conditions
Sweatshop
State-Led Investment
Investment from a Government into state owned companies
