definitions
- Created by: Emily BIrch
- Created on: 11-05-13 16:17
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- definitions
- new economy
- where companies and countries are based more on creativity, in finance, media and management, rather than on the production of goods
- just-in-time
- where companies demand goods from suppliers on short term timescales, rather than producing and holding large volumes of stock themselves
- Enclave
- a group of people living in a community which is isolated or seperated from the rest of the population
- globalisation
- the processes by which people, their cultures,money,goods and information can be transferred between countries with few or no barriers
- connections
- how places and people are linked togetehr
- modernisation theory
- the means by which the world would become more economically uniform, using western investment aimed at reducing poverty
- disconnected
- means that some countries become less influential and less involved in economic decision making
- trading blocs
- countries which group together to improve their economic interests and trade patterns
- wto
- oecd
- opec
- G8 +5
- G20
- world bank
- IMF
- countries which group together to improve their economic interests and trade patterns
- international monetary fund
- is a global banking organisation based in Washington which exists to ensure global banking stability by assisting countries with investments and debt
- export processing zones
- zones in which businesses are free to import raw materials, process and manufacture the, and re-export without paying duties or tariffs - helping keep costs down
- outsourcing
- employing overseas labour in their home country to do a job under contract to provide a service for a company in a developed country. usually associated with IT software development , banks and service companies
- source nations
- those from which migrants come from
- host nations
- those where migrants decide to go , or to which they are admitted.
- net migration
- the figure arrived at when natural increase is subtracted from the total change in population
- population structure
- the proportion of people in each age group compared to the other
- new economy
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