globalisation dictionary
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| Globalisation | Increase in international communication and trade and the breaking down of national barriers
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| Global Village | A concept suggesting we are all members of a world community, regardless of our national background and political systems
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| TNC | Large businesses with a home-base in one country that also operate particularly or wholly in other countries
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| Information Technology | Inventions and developments that facilitate the access to and spread of information
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| Information and Communication Technology | Includes word processing, graphics, audio, multi media and other computer applications
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| Telecommunications | Technology involving communication by phone, video or satellite
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| Global Media Networks | Radio, television and print media companies with branches in many countries
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| Cultural Factors | An expression of attitudes, values, beliefs and a way of life of a group of people
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| National Identity | How a nation of people see themselves and how they are perceived by others
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| Tariffs | A tax on goods coming into a country
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| Quotas | A limit placed on the volume of certain products coming into a country
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| Subsidies | A government payment to a domestic producer to help compete with imported goods
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| Embargoes | A ban placed on the import of certain goods and services
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| Trading Blocs | Groups of countries that form mutual trading relationships, giving preference to members
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| Multilateral | Many sided, involving many countries
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| Currency Specialisation | When individuals or organisations buy and sell foreign currency to make a profit
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| Developed Countries | Term used to describe countries that have a high economic productivity, relatively high standards of living and relatively democratic systems of government
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| Developing Countries | Term used to describe the worlds poorest countries
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| Sweatshops | Factories where employees are subjected to poor working conditions and low rates of pay
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| Human Development | The process of expanding peoples choices by empowering them to lead long and healthy lives, to have access to knowledge and a decent standard of living and to play an active role in the life of their communities
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| Gross Domestic Product | The total value of good and services produced in a country in a year
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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 that country
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| Infant Mortality | The probability of dying between birth and one year of age expressed per 1000 lives births
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| Adult Literacy Rates | The percentage of adults who can read or write
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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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| Human Development Index | An index used by the UN development program to create a measurement which acknowledges more than just poverty-it combines scores on income per head, literacy rates, school enrollment and life expectancy to produce a figure between 0 and 1, highest is 1
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