The way that companies, ideas and life styles are spreading round the world with ease.
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Global Interdependence
The relationship and links between different countries
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Import
Object are brought into a country
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Export
Objects are taken out of a country
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TNC
Transnational companies e.g. Nestle and Ford
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Multiplier Effect
Where initial investment and jobs lead to a knock-on effect, creating more jobs and providing money to generate services.
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Primary
Getting something out of the ground e.g. farming
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Secondary
Getting a product ready e.g. packaging
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Tertiary
Selling
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Deindustrialisation
A process of decline in some types of industry over a long period of time. It results in fewer people being employed in this sector and falling production
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GDP
Gross Domestic Product. The amount of product and money a country make in a year
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IMF
International monetary fund
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SEZ
Special economic zones
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Energy use
The amount of energy is being how efficient an object is
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Sustainable Development
Allows economic growth to occur, which can continue over a long period of time. It benefits people alive today but does not compromise future generations
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NIMBY
Not in my back yard
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Other cards in this set
Card 2
Front
The relationship and links between different countries
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