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Description
Flashcards by Saharsh Joshi, updated more than 1 year ago
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Created by Saharsh Joshi
almost 8 years ago
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| Question | Answer |
| HDI | It is a composite statistic of life expectancy, education and income per person/capita |
| Globalisation | It is the integration and interaction of people, companies and nations |
| What are TNCs | TNCs are transnational corporations |
| What are TNCs | Corporation that exist internationally |
| What is Economic Integration | growing number of commercial links between countries and firms |
| Adoption | Taking Up mass Consumer Culture |
| Adaptation | The adjusting of mass consumer culture to suit new circumstances |
| Global inequalities | idea that people in different places are unequal in terms of economic qualities, development levels for countries and distributions of wealth. |
| Developed world | Countries that have high levels of industrial development and most of population enjoys good standard of living |
| Development | Process of change that result in an improvement in quality of life |
| Developing world | Nation with less developed industrial base and lower HDI |
| Public wealth | Infrastructure of a community- supplied by government |
| Private wealth | Income and savings of individuals |
| Absolute Poverty | Coping without resources and barely surviving |
| Poverty | Not having the basic needs for surviving |
| Relative Poverty | Poverty in relation to other society members |
| GDP per capita | Total value of goods and services produced in a country each year. |
| Gross National income- GNI | Profit made from buying and selling things overseas |
| Gross national product | estimate of total value of final products and services produced in a given period. |
| Development indicators | Aspects of development that can be measured |
| Fossil fuels | Energy producing materials-oil, coal and gas, formed from fossils and plants. |
| Global commons | Resources that no nation or person has legal rights over |
| Inequalities | differences that exist in people’s standard of living or life. |
| Infrastructure | Features of environment like roads, public transport, schools, hospitals etc |
| Squatter settlement | unplanned settlement dominated by makeshift dwellings that are often built by scrap timbers. |
| Income poverty | When a family's income does not meet the country's threshold |
| Extreme poverty | Having less than a dollar a day |
| Income perspective | indicates a person is poor if they’re income is below country’s poverty line. |
| Most needed Essential Resource | Water. 1.2 billion people lack access |
| Drivers in Globalisation | Advances in transport, growth of TNCs, expansion of world trade and communication advances |
| Standard of living | A term used to describe the economic well- being of people |
| Quality of life | A term used to describe the way in which people live their daily lives, not just how poor or wealthy they are. |
| Reserve | An unused supply of a non-renewable resource |
| Resource | Any part of the environment that is used to meet the needs of people |
| Slum | A permanent dwelling that is now a state of disrepair |
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