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review of concepts

Quiz yourself by thinking what should be in each of the black spaces below before clicking on it to display the answer.
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Question
Answer
Globalisation   Increase in international communications and trade and the breaking down of national barriers  
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Sweat Shops   Factories where employees are subjected to poor working conditions and low rates of pay  
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TNC   Large businesses with a home business in one country that operate partially or wholly in other countries  
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Nation State   The political unit of people living in a defined territory, with government authority over their economy, political organisations, and external security  
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HDI   Human Development Index is an index used by the United Nations Development Program to create a measurement which takes into account more than just poverty - it combines scores on income per head, literacy rates, school enrollment and life expectancy.  
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What Numbers are the HDI Between?   0 and 1, where the highest score is 1  
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Global Market   The concept that enables people to buy things all around the world  
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Global Village   A concept suggesting we are all members of a world community, regardless of our national backgrounds and political systems  
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Sovereignty   The right to rule; power to the nation  
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Trading Blocs   Groups of countries that form a mutual trading relationship, giving preferences to members  
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Bilateral Trade Agreements   When one country has a trade agreement with one other country  
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Multilateral Trade Agreements   More than two countries joined together for trade purposes  
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Free Trade   Allowance of the exchange of goods between countries without protection  
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Protection   Any barrier to free trade. Tariff, Quota, Subsidy and embargo.  
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Tariff   Tax on imported goods  
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Quota   Limit on the amount of goods received  
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Subsidies   Payment to people in own country to keep working  
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Embargo   Ban on goods. eg. illicit drugs  
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Global Media   Radio, television and print media companies with branches in many countries  
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Infant Mortality   The probability of dying between birth and one year of age, expressed per 1000 live births  
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Life Expectancy   The average number of years a person born at a particular time is expected to live  
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Literacy Rates   Amount of people living in a country that can read and write their own language  
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GDP per capita   The total value of goods and services produced in a country in a year divided by the total population of a country  
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Globalisation - Positives   Get to know other countries cultures Variety of food and culture Allow sport relations with other countries Form alliances Cheaper goods Travel  
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Globalisation - Negatives   Lose cultural identity/become all the same Change local economies Exploitation: eg. sweatshops Spread of diseases  
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Created by: Schnookms
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