Global systems & Global governance 0.0 / 5 ? Geographyglobal systems and global governanceA2/A-levelAQA Created by: kmarkwickCreated on: 09-05-19 19:31 agglomeration companies with similar industries locate near to each other due to the benefits of sharing ideas and resources 1 of 37 multiplier effect injection of investment increases wages, increases spending in the local economy, increases taxes, increases wages etc. 2 of 37 subsidies grants given to home producers to enable them to compete against imports 3 of 37 embargoes prohibit trade with a particular country, usually political 4 of 37 NAFTA North American Free Trade Agreement 5 of 37 ASEAN Association of South East Asian Nations 6 of 37 BRIC Brazil, Russia, India, China. Rapid economy growth since the 1990's 7 of 37 MINT Mexico, Indonesia, Nigeria and Turkey 8 of 37 containerisation Standardised transport containers for transfer between ships, trains and lorries 9 of 37 Protectionism government policy to protect local industries from foreign competition 10 of 37 tariffs tax on imported goods to make them more expensive than home-based goods 11 of 37 tiger economies hong kong, singapore, south korea, taiwan 12 of 37 globalisation increasing integration of economies, societies and cultures through global trade networks , communication, transportation and immigration 13 of 37 economies of scale cost advantages from larger size operations by spreading costs 14 of 37 conglomerates group of companies/ organisations from different businesses reporting to one parent company 15 of 37 capital flows movement of money for investment, trade or production of goods and services 16 of 37 labour all mental and physical effort used to create goods or provide services 17 of 37 international trade the exchange of capital, goods and services across international borders 18 of 37 diaspora large group with a similar heritage or homeland who have moved and settled all over the world 19 of 37 economic leakage loss of income from an economic system 20 of 37 SDT special and differential treatment 21 of 37 TTIP transatlantic trade and investment partnership, between USA and EU to reduce barriers for big businesses 22 of 37 TPP trans-pacific partnership. between USA, some Asian and South American countries 23 of 37 APEC asia pacific economic cooperation 24 of 37 gini index used to measure inequality within a country 25 of 37 outsourcing company cost saving by exporting production of goods to lower cost land/ labour areas 26 of 37 multi lateral agreement agreement between more than two countries 27 of 37 customs unions trade bloc with free trade between members but external tariff on other countries 28 of 37 common markets group of countries without trade barriers 29 of 37 IMF international monetary fund 30 of 37 WTO world trade organisation 31 of 37 IPCC intergovernmental panel on climate change 32 of 37 bottom up local people consulted for decision making and projects 33 of 37 top down central authority make decisions with little input from locals 34 of 37 GATT general agreement on tariffs and trade. before WTO, established in 1955 35 of 37 IDA international development association 36 of 37 bilateral agreement trade agreement between two countries or groups of countries 37 of 37
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