Flashcards
Key Terms
Flashcards do conjunto (27)
- 1Bilateral AidAssistance given by a government directly to the government of another country
- 2CapitalistAn economic and political system in which a country's trade and industry are controlled by private owners for profit, rather than by the state
- 3CommoditiesRaw materials or primary agricultural products that can be bought and sold, such as copper or coffee
- 4CommunismA theory or system of social organisation in which all property is owned by the community and each person contributes and receives according to their ability and needs
- 5ConsumptionThe using up of goods and services
- 6DeindustrialisationThe reduction of industrial activity or capacity in a region or economy
- 7Dependency TheoryThe notion that resources flow from a 'periphery' of poor and underdeveloped states to a 'core' of wealthy states, enriching the latter at the expense of the former
- 8DeregulationThe process of removing or reducing state regulations
- 9FDIForeign Direct Investment - an investment made by a company or entity based in one country, into a company or entity based in another country
- 10Free TradeInternational trade left to its natural course without tariffs, quotas, or other restrictions
- 11Global MarketThe activity of buying or selling goods and services in all countries of the world, or the value of the goods and services sold
- 12GlobalisationThe integration of economies, industries, cultures and policy-making around the world
- 13Global ShiftThe movement of industrial economic activities from the 'core' countries to the 'periphery'
- 14HDIHuman Development Index - a composite statistic of life expectancy, education and per capita income
- 15IMFInternational Monetary Fund
- 16OutsourcingA practice used by different companies to reduce costs by transferring portions of work to outside suppliers rather than completing it internally
- 17PPPPurchasing Power Parity
- 18Multilateral AidAid provided by a group of countries, or an institution representing a group of countries such as the World Bank
- 19NeocolonialismThe use of economic, political, cultural, or other pressures to control or influence other countries, especially former dependencies
- 20Spatial Division of LabourOccurs when the process of production is no longer confined to national economies
- 21SubsidyMoney granted by the state or a public body to help an industry or business keep the price of a commodity or service low
- 22Tariff
- 23Trade BlocA type of governmental agreement, often part of a regional intergovernmental organisation, where regional barriers to trade (such as tariffs and quotas) are reduced or eliminated among the participating states
- 24Trade LiberalisationThe removal or reduction of restrictions or barriers on the free exchange of goods between nations
- 25TNCTransnational Corporation - any corporation that is registered and operates in more than one country at a time
- 26World BankAn international bank established in 1944 to help member nations reconstruct and develop, especially by guaranteeing loans
- 27WTOWorld Trade Organisation - the global international organisation dealing with the rules of trade between nations
Informações
- Descrição
- A-Level A2 Geography (Development & Globalisation) FlashCards sobre Key Terms, criado por Jack Boswell em 10-11-2016.
- Criado por
- Jack Boswell
- Visualizações
- 2
- Tags
- Avaliação