... are countries that share a number of important economic development characteristics, including well-developed financial markets, high degrees of financial intermediation and diversified economic structures with rapidly growing service sectors
Advanced Countries
1 of 15
... is the absolute or relative decline in the importance of manufacturing in the economy of a country or region
Deindustrialisation
2 of 15
... is the locational movement of manufacturing production in particular from AC's to EDC's and LIDC's from the 1970's onwards
Global Shift
3 of 15
... are the flows of materials, products, information, services and finance in a network of suppliers, manufacturers, distributers and customers around the world
Global Supply Chains
4 of 15
... are countries that do not share all the economic development characteristics required to be advanced, and also are not eligible for the poverty reduction and growth trust, identified by the IMF
EDCs
5 of 15
... is the process by which the economy of a country becomes increasingly based on secondary industry. It is usually a sign of economic development
Industrialisation
6 of 15
The ... formed when the different stages of production are located across different countries. Companies attempt to optimise their operations by locating various stages of production across different locations
Global Value Chain
7 of 15
... is the growing integration and interdependence of peoples lives in a complex process with economic, social (cultural), political and environmental components
Globalisation
8 of 15
... are countries that are eligible for financial support from the IMF through the Poverty Reduction and Growth Trust
LIDCs
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The ... is the reorganisation of production at the global scale, as a result of deindustrialisation in AC's and the global spread of MNC's. This has produced an overall pattern of higher-paid managerial jobs in AC's and lower-paid labouring jobs
NIDL
10 of 15
... jobs are economic activities that produce food, fuel and raw materials, e.g. agriculture, forestry, fishing, mining, quarrying and water supplies
Primary Sector
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... jobs are economic activities that provide services to other economic activities, e.g. finance, research and development, advertising and consultancy
Quaternary Sector
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... jobs are economic activities involving manufacturing industries, e.g. processing raw materials, making semi-finished products, e.g. screws and computer processors and assembling components
Secondary Sector
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... jobs are economic activities providing services, e.g. education and health, legal, financial, insurance, government
Tertiary Sector
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A ... is a very large company with factories and offices in more than one country, which markets products and services worldwide
TNC
15 of 15
Other cards in this set
Card 2
Front
... is the absolute or relative decline in the importance of manufacturing in the economy of a country or region
Back
Deindustrialisation
Card 3
Front
... is the locational movement of manufacturing production in particular from AC's to EDC's and LIDC's from the 1970's onwards
Back
Card 4
Front
... are the flows of materials, products, information, services and finance in a network of suppliers, manufacturers, distributers and customers around the world
Back
Card 5
Front
... are countries that do not share all the economic development characteristics required to be advanced, and also are not eligible for the poverty reduction and growth trust, identified by the IMF
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