3b Flashcards
(10 cards)
What is the Global Shift?
Relocation of manufacturing from ACs to EDCs
ACs: Advanced Countries; EDCs: Emerging and Developing Countries
What does Economic Restructuring refer to?
Changes in employment sectors due to globalisation
What does the Clark Fisher Model describe?
Changes in employment structure over time
What is one impact of globalisation on Advanced Countries (ACs)?
Job losses in manufacturing, growth in services, regional inequalities
This highlights the shift in economic focus and the challenges faced by traditional industries.
What are the effects of globalisation on EDCs & LIDCs?
Rise in manufacturing jobs, urbanisation, inequalities within countries
What are Economic Cycles?
Boom and recession phases affect people and places differently
How do Governments influence social inequality?
Taxes, subsidies, laws, and education policies influence inequality
What role does globalisation play in economic change?
Exploring how globalisation drives structural economic change in places
What are the four types of Economic & Employment Structure?
- Primary
- Secondary
- Tertiary
- Quaternary
Who are the main players in the Global Economy?
- TNCs (Transnational Corporations)
- Nation States
