sending money in payment or as a gift- migrants send remittances to their families at home
1 of 40
GDP
Gross Domestic Product,the total value of goods produced and services provided in a country during one year
2 of 40
TNC
Transnational corporations, an enterprise that controls assets of other entities in countries other than its home country, usually by owning a certain equity capital stake
3 of 40
Globalisation
geographic distance becomes a factor of diminishing importance in the establishment and maintenance of croo-bored economic, political, socio-cultural, and environmental relations
4 of 40
Free trade
no restrictions on imports/exports between countries
5 of 40
GATT
General Agreements on Tariff and Trade
6 of 40
Trade blocs
companies and countries that work together to bring greater economic strength for members
7 of 40
Tariffs
taxes paid when importing or exporting services between countries
8 of 40
AT Kearney index
measures level of globalisation of cities
9 of 40
World cities
Have global influence
10 of 40
OPEC
Organisation of Petroleum Export Countries
11 of 40
Global shift
physical movement of economic activity from developed countries to NIC's, and more recently RIC's and developing countries
12 of 40
FDI
foreign direct investment
13 of 40
Shrinking world
developments in communications and transport meaning distance is no longer significant
14 of 40
Spatial division of labour
The **** of manufacturing industries from advanced capitalist countries to developing countries
15 of 40
Economic globalisation
Increased flows and exchanges of resources, goods, finances & services. Growth of global companies, global markets and finances
16 of 40
Political globalisation
Growth of political links between countries e.g WTO
17 of 40
Environmental globalisation
Growht in global environmental problems e.g WWF earth hour
18 of 40
Cultural globalisation
Global dispersal of products & cultural ideas e.g Bindis at festivals
19 of 40
Brandt line
line that divides the 'rich north' from the 'poor south'
20 of 40
NIC
newly industrialised country
21 of 40
RIC
recently industrialised country
22 of 40
Deindustrialisation
long term absolute decline in the manufacturing sector
23 of 40
Footloose
Can be provided from any location
24 of 40
Outsourcing
When TNC's contract another company to produce goods or provide services on their behalf
25 of 40
BPO
Business process offshoring
26 of 40
Immigration
the movement of people INTO a country to settle
27 of 40
Emmigration
the movement of people FROM a country
28 of 40
Economic migrant
migrant whose primary motivation is money
29 of 40
Megacity
city with >10 mill people
30 of 40
Global hub cities
highly connected cities that are important by influence rather than population size
31 of 40
Cultural diffusion
spread of global culture
32 of 40
Development
progress made by a country over time taking into account economy, human, social and environmental aspects
33 of 40
Development gap
gap between the 'haves' and 'have nots'
34 of 40
Sustainable development
development that meets the needs of the present without hindering the ability of future generations to meet their needs
35 of 40
HDI
human development index
36 of 40
EPI
environmental performance index
37 of 40
GII
Gender inequality index
38 of 40
KOF index
measure of globalisation in terms of political, social and economical factors
39 of 40
Tertiary sector
selling of services and skills e.g call centres
40 of 40
Other cards in this set
Card 2
Front
GDP
Back
Gross Domestic Product,the total value of goods produced and services provided in a country during one year
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