Globalisation Key Words 3.0 / 5 based on 1 rating ? GeographyGlobalisationGCSEEdexcel Created by: Esther_AldersonCreated on: 26-01-14 17:55 What is a TNC? Trans National Company 1 of 14 What is a HIC? High Income Country 2 of 14 What is the Formal Sector? People in formal employ, permanent jobs and must pay tax. 3 of 14 What is the Informal Sector? Irregular pay and irregular working days. 4 of 14 What is Mechanisation? Machines taking over from paid staff 5 of 14 What's a NIC Newly Industrialised Country 6 of 14 What is the IMF? International Monetary Fund 7 of 14 What is the WTO? World Trade Organisation 8 of 14 What is the UN? United Nations 9 of 14 What is Global Shift? The movement of secondary jobs from a developed country to a developingcountry 10 of 14 What does the world bank do? Provides loans to developing countries with the official goal of reducing poverty. 11 of 14 Which i) the US or ii) Senegal had a world bank loan to start their nut industry? Senegal 12 of 14 What does "containerisation" mean? Using large containers to ship large amounts of things between cheaply and quickly 13 of 14 What is FDI? Foreign Direct Inquiry 14 of 14
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