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.
Help!
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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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