The process of making, transformation of something or phenomena into global ones. Can be described as a process by which the people of the world are unified into a single society. Process=combo of economic,technological,sociocultural+political forces
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GNP
(Gross National Product) is the value of all goods + services earned by a country, including companies working abroad
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GDP
(Gross Domestic Product) is the same as GNP but excludes foreign earnings
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PPP
(Purchase Power Parity) relates average earnings to prices + what it will buy, because a dollar buys more in some countries than in others
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PQLI
(Physical Quality of Life Index) includes life expectation, literarcy rates + infant mortality rates. The higher the score, the better the quality of l8ife. Money spent on healthcare + education implies a higher level of development.
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HDI
(Human Development Index) is the same as PQLI, plus school enrolment + PPP to help jufge living standards
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HSI
(Human Suffering Index) includes daily calorie intake, access to clean water, inflation rate, access to communications, political freedom + civil rights, thereby indicating quality of life
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CPI
(Corruption Perceprions Index) ranks countriesa annulay by the preceived levels of corruption, judged by expert analysis
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TNC
(Trans National Corporation) is a company that has operations in more than 1 country
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Reverse colonialism
Where companies from previously colonised countries buy up companies in previously colonial countries e.g. Tata Steel from India taking over the British/ Dutch steel company Conus in 2006
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Nodes
The pints on a newtork map
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Hubs
well connected nodes
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Flows
the links between the nodes/hubs
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Other cards in this set
Card 2
Front
(Gross National Product) is the value of all goods + services earned by a country, including companies working abroad
Back
GNP
Card 3
Front
(Gross Domestic Product) is the same as GNP but excludes foreign earnings
Back
Card 4
Front
(Purchase Power Parity) relates average earnings to prices + what it will buy, because a dollar buys more in some countries than in others
Back
Card 5
Front
(Physical Quality of Life Index) includes life expectation, literarcy rates + infant mortality rates. The higher the score, the better the quality of l8ife. Money spent on healthcare + education implies a higher level of development.
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