Globalisation Key terms 0.0 / 5 ? GeographyPopulation change and migrationA2/A-levelEdexcel Created by: Isie_34Created on: 19-01-19 16:14 Movement of economic activity from HICs to LICs Global shift 1 of 12 More interconnected through trade and transport Gloablisation 2 of 12 United Nations (UN), World Bank (WB), World Trade Organisation (WTO), European Union (EU) Intergovernmental organisations 3 of 12 Controlling ownership in business in one country by a company or business in another country Foreign Direct Investment (FDI) 4 of 12 Intergovernmental agreement where barriers to trade in a world region (tariffs or not) are reduced or eliminated among the participating states Trade bloc 5 of 12 Areas allocated by the government specially for international trade Special Economic Zones (SEZs) 6 of 12 Measures the extent to which countries are socially, politically and environmentally linked to others KOF globalisation index 7 of 12 Measures business activity, human capital, information exchange, cultural experience and political engagement, to rank cities AT Kearney global cities index 8 of 12 Countries that have adopted western culture Westernisation 9 of 12 The movement of a population away from their homeland Diaspora 10 of 12 Businesses making contracts with other businesses to complete some of the work cheaper and more efficiently Outsourcing 11 of 12 Where a company moves part of it's operations to another country, often because of labour costs Offshoring 12 of 12
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