Summary
Summary A Level Geography Globalisation Key Terms
- Course
- Institution
A Level Geography Globalisation Key Terms
[Show more]
Seller
Follow
ploynn
Content preview
Human Geography Key Terms - GlobalisationThe Acceleration of Globalisation
• Transitional corporations (TNCs): businesses whose operations are spread across
the world, operating in many nations as both makers and sellers of goods and
services
• Gross domestic product (GDP): a measure of the financial value of goods and
services produced within a territory (including foreign firms located there) – it is
often divided by population size to produce a per capita figure for the purpose of
making comparisons
• Emerging economies: countries that have begun to experience high rates of
economic growth, usually due to rapid factory expansion and industrialisation – they
are sometimes called newly industrialised countries (NICs)
• Remittances: money that migrants send home to their families via formal or
informal channels
• Interdependency: if 2 places become over-reliant on financial and/or political
connections with one another, then they have become interdependent
• Spatial division of labour: the common practice among TNCs of moving low-skilled
work abroad (or ‘offshore’) to places where labour costs are low
• Intermodal containers: large-capacity storage units which can be transported long
distances using multiple types of transport, such as shipping and rail, without the
freight being taken out of the container
• Shrinking world: due to technology, distant places start to feel closer and take less
time to reach
• Foreign direct investment (FDI): a financial injection made by a TNC into a nation’s
economy, either to build new facilities or to acquire, or merge with, an existing firm
already based there
• BRICS group: the 4 large, fast growing economies of Brazil, Russia, India, China and
South Africa
• Trickle down: the positive impacts on peripheral regions caused by the creation of
wealth in core regions
• Sovereign wealth funds: government-owned investment funds and banks, typically
associated with China and countries that have large revenues from oil, such as Qatar
• Trade blocs: voluntary international organisations that exist for trading purposes,
bringing greater economic strength and security to the nations that join
• Tariffs: the taxes that are paid when importing or exporting goods and services
between countries
• Special economic zone: an industrial area, often near a coastline, where favourable
conditions are created to attract foreign TNCs – these conditions include low tax
rates and exemption from tariffs and export duties
• Offshoring: TNCs move parts of their own production process to other countries to
reduce labour or other costs
• Outsourcing: TNCs contract another company to produce the goods and services
they need rather than do it themselves
1
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller ploynn. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $8.39. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
52510 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now