Unit 4 - Globalisation Flashcards
Global Interaction
The ability of people to communicate all over the Earth
Culture
Ways of life including arts, beliefs and institutions of a certain groups of people that are passed down from generation to generation.
Equity
Fairness and justice
Identity
The distinguishing character/ personality of an individual
Globalisation
Used to describe how trade and technology have made the world into a more connected and interdependent place.
Commodities
Any useful/valuable things, especially something that is bought and sold.
Commercialization
The process of bringing new products or services to market
Commonality
Possession of common features or attributes
Diversity
Having a range of people with various social and ethnic backgrounds
Interconnection
The state of being connected or linked with one another
Core
Countries with the highest levels of economic power
(Ex: North America)
Periphery
Counties that are less developed than the semi-periphery and core countries.
These countries usually receive a small share of global wealth.
TNCs
Transnational corporations (TNCs) are businesses that have a global reach.
Sovereignty
Supreme power especially over a politically organized unit
Consumer culture
A lifestyle hyper-focused on spending money to buy material goods