Globalisation Key Words

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1. What is the Informal Sector?

  • Irregular pay and irregular working days.
  • People in formal employ, permanent jobs and must pay tax.
  • The ppposite of a sweat shop
  • Self employment only
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2. What does the world bank do?

  • Gives away money to developing countries
  • Provides loans to developing countries with the official goal of reducing poverty.
  • Only appears on a Monopoly board
  • Monitors money transfers between countries

3. What is a HIC?

  • Highly Important Country
  • High Income Country
  • Hugs Ill Corner
  • High Income Company

4. What is FDI?

  • Foreign Direct Inquiry
  • Frogs dive in icing
  • Friends Dig Intelligence
  • Financial Difference Investigations

5. What is the WTO?

  • World Trade Opportunities
  • Wildlife Trust Organisation
  • World Trade Organisation
  • World's Trust for OAPs


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