Globalisation Key Words

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What is a TNC?
Trans National Company
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What is a HIC?
High Income Country
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What is the Formal Sector?
People in formal employ, permanent jobs and must pay tax.
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What is the Informal Sector?
Irregular pay and irregular working days.
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What is Mechanisation?
Machines taking over from paid staff
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What's a NIC
Newly Industrialised Country
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What is the IMF?
International Monetary Fund
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What is the WTO?
World Trade Organisation
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What is the UN?
United Nations
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What is Global Shift?
The movement of secondary jobs from a developed country to a developingcountry
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What does the world bank do?
Provides loans to developing countries with the official goal of reducing poverty.
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Which i) the US or ii) Senegal had a world bank loan to start their nut industry?
Senegal
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What does "containerisation" mean?
Using large containers to ship large amounts of things between cheaply and quickly
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What is FDI?
Foreign Direct Inquiry
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Other cards in this set

Card 2

Front

What is a HIC?

Back

High Income Country

Card 3

Front

What is the Formal Sector?

Back

Preview of the front of card 3

Card 4

Front

What is the Informal Sector?

Back

Preview of the front of card 4

Card 5

Front

What is Mechanisation?

Back

Preview of the front of card 5
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