Globalisation

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Globalisation
The increasing international interaction in trade, politics, society and culture
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Interdependence
People, countries and businesses depending on one another
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Markets
The people and businesses that may want to trade with each other
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Trade
Buying, selling and exchanging goods and services between countries
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Raw Materials
Materials used to make another product, e.g. iron ore is a raw material in making a car
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Industrial Estate
An area of land designated for industrial buildings
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Transnational corporations (TNCs)
Companies with branches in several different countries
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Research and development
Activities to improve old products and design/invent new ones
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Brand
A symbol or name that distinguishes a company from its competitors
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Corporate responsibility
How a company manages its impact on society and the environment
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Long-haul
Travelling a long distance
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Market economies
Where supply and demand determines the allocation of resources
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Incentives
Something that encourages a company to do something
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Primary products
Food, agricultural raw materials and timber
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Manufactured goods
Products made in large numbers, usually in a factory
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Fair Trade
A type of trade that guarantees reasonable incomes and long-term stability
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Cooperative
A company owned and managed by the people who work in it
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Gross National Income (GNI)
A way of measuring the wealth of a country
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Economic activity
All the businesses and activities that create wealth for a country
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Development indicators
Health, wealth and social statistics that show the level of development of a country
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Demography
The study of population
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Human Development Index (HDI)
A way of measuring development using information about income, education and life expectancy
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Development gap
The difference between the economic development of the world's richest and poorest countries
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Export revenues
Money a country gains by selling products to other countries
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Infrastructure
The basic systems that a country needs to work, such as transport and power supplies
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Multiplier effect
Industrialisation creates extra employment and earnings, giving employees more money to spend in their local communities and creating more jobs and services in those communities
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Industrial development
Increasing the amount of industry in a country
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Biotechnology
Using living things such as cells and bacteria in industrial processes
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Call centre
Business information centre where customers can get advice on the phone
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Greenfield sites
Former countryside, often on the edge of a town, now being developed
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Science parks
Industrial estates set up near a university or a research centre to attract and develop high-tech industries
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Newly Industrialised Countries (NICs)
Countries that are going through a rapid process of industrialisation
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Redundant
Losing a job because of industrial decline
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Distribution centre
Huge warehouses from where companies such as supermarkets distribute their products
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Urbanisation
The increasing proportion of people living in towns and cities
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Acid rain
Rainwater that contains chemicals as a result of burning fossil feuls
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Consumer goods
Products such as televisions, dishwashers, etc. that people want to buy
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Exploitative
Using someone or something unfairly for your own advantage
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Sustainable
Meeting the needs of the present population without destroying the environment for future generations
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Greenhouse gas emissions
Gases, both natural and from industrial pollutants, that add to the risk of global warming
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Biodegradable
Able to decay naturally and harmlessly
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Investment
Money spent on buildings and equipment to make a business more effective
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Greenbelt
Countryside around urban areas where there are stricter building regulations
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Appropriate technology
A technology that is suitable and sustainable for the place where it is to be used
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Entrepreneur
Someone who starts their own business
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Turbine
A type of machine that uses the flow of water or air to produce electricity
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Other cards in this set

Card 2

Front

People, countries and businesses depending on one another

Back

Interdependence

Card 3

Front

The people and businesses that may want to trade with each other

Back

Preview of the back of card 3

Card 4

Front

Buying, selling and exchanging goods and services between countries

Back

Preview of the back of card 4

Card 5

Front

Materials used to make another product, e.g. iron ore is a raw material in making a car

Back

Preview of the back of card 5
View more cards

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