Globalisation

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  • Created by: rachmhw
  • Created on: 20-05-17 19:18
what is globalisation?
the process of all the worlds economics becoming integrated (linked), it's the whole world coming together like a single community
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what is globalisation?
the spreading of ideas and cultures throughout the world by trade, investment and communications; countries have become independent due to globalisation
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what does LEDC mean?
Less Economically Developed Country
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what does MEDC mean?
More Economically Developed Country
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what does TNC mean?
Transnational Corporations (also known as Multinationals) : companies that are located in the more than one country
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what does NIC mean:
Newly Industrialised Countries: a nation going under rapid economic growth
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what does de-industrialisation mean?
social and economic change caused by the removal of industry
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what does employment mean?
having a job
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what does deprivation?
a state of extreme poverty
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what does poverty mean?
having little or no money and few or no material possessions
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what does industrial revolution mean?
changes in England in the 18th Century from agriculture to manufactoring
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what does manufacturing mean?
making products in a factory
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what does heavy industry mean?
location is fixed by its raw materials or inputs. e.g. steel, coal, iron and limestone
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what does high tech industry mean?
making technology/ electronic goods (microchips can locate almost anywhere)
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what does light industry mean?
able to locate anywhere. e.g. cars = components all put together
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Other cards in this set

Card 2

Front

what is globalisation?

Back

the spreading of ideas and cultures throughout the world by trade, investment and communications; countries have become independent due to globalisation

Card 3

Front

what does LEDC mean?

Back

Preview of the front of card 3

Card 4

Front

what does MEDC mean?

Back

Preview of the front of card 4

Card 5

Front

what does TNC mean?

Back

Preview of the front of card 5
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