The flow of people, ideas, money and goods that are making an increasingly complex global web that links people rrom distant continents together
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What factors drive Globalisation?
Multinational companies: Coca Cola, google; Certain styles of music, television or film:007 James Bond; Trade: Avacados, nuts; Ideas and communication: Mobile Phones, Satellite TV
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What are Multinational Companies?
Firms that produce goods or services in two or more contries
Collects raw material from the land and sea e.g Farming, Forestry, Mining, Fisherman
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What is the Secondary sector?
Manufactures primary materials into finished products e.g. Cheese Factory, Car Manufactoring
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What is the Tertiary sector?
provides services to businesses and to people e.g. Doctor, Clothes Shop, Teacher
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What is the Quaternary sector?
uses high technology to provide inforamtion and expertise. Research and development are an important part of the sector e.g. Scientist, Aerospace engineer, computer programmer
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What is the Multiplier effect?
The process where by a significant increase in ecomonic growth can lead to even more growth as more money circulates in the economy
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What does interdependence between contries mean?
measn they are dependent on one another in some way
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What is a special Economic zone?
It is a geographical region that is designed to export goods and provide employment
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What is desposable income?
It is money left over after all the bills have been paid
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What is an NIC?
A Newly Industrialised Country
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What is a world bank?
The world bank is an international financial institution that provides loans to developing countries
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What is the Brandt line?
A line devised in 1980 that seperated the rich north and the poor south
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What are the three human development indicators?
Life expetancy (social), Education attainment - how many children go to school (social) an GDP per capita (value of goods and services produced by a country in a year (economic))
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Other cards in this set
Card 2
Front
Multinational companies: Coca Cola, google; Certain styles of music, television or film:007 James Bond; Trade: Avacados, nuts; Ideas and communication: Mobile Phones, Satellite TV
Back
What factors drive Globalisation?
Card 3
Front
Firms that produce goods or services in two or more contries
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