CSMP Key Words

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Economic Change
How the economy changes within an area and how people cope with it, takes the forms of global shift, economic restructure, booms, and recessions
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Gini Coefficient
Number between 0-1, the lower it is the more equal things are, however it is unreliable because it doesn't take the middle range into consideration
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Foreign Direct Investment
Inward investment by a foreign company (usually TNC) to a country
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Spatial Inequality
Unequal distribution of factors such as income, education or health across geographic space at any scale
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Quality of Life
Extent to which people's needs and desires are met. Social, psychological and physical needs that can be seen in areas of treatment of people
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Standard of Living
Ability to access services and goods, including basics such as food and water, clothes, housing, and personal mobility
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Time-Space Compression
Set of processes leading to a "shrinking world" caused by reductions in the relative distance between places
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Knowledge Economy
Wealth creating activities that gather, store and analyse knowledge for example high tech manufacturing, finance, telecommunications, business services, design, education and health
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Card 2

Front

Number between 0-1, the lower it is the more equal things are, however it is unreliable because it doesn't take the middle range into consideration

Back

Gini Coefficient

Card 3

Front

Inward investment by a foreign company (usually TNC) to a country

Back

Preview of the back of card 3

Card 4

Front

Unequal distribution of factors such as income, education or health across geographic space at any scale

Back

Preview of the back of card 4

Card 5

Front

Extent to which people's needs and desires are met. Social, psychological and physical needs that can be seen in areas of treatment of people

Back

Preview of the back of card 5
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