Economic Growth And Development Flashcards
(23 cards)
Define globalization
Global interconnectedness; wide spread movement and connections of people information ideas goods and services around the world
Define global village
Today’s interconnectedness making the World feel like a small place
Define Goods
Grown on manufactured items that people produce
Define services
Task or conveniences we pay for
List the impacts of globalization
Increase in international trade
migrants
faster transportation
movement of money
Define international trade
Countries buying and selling goods and services from each other
Define Communication
Transfer of information ideas or opinions
What are the key elements of communication and Define them
Sender- the person or organization that originates a message
message- the information of set of ideas
receiver- the person who has reads of views a message
medium- a channel
feedback- a response to a message
Why do we communicate
We communicate because we are social beings
What are the two categories of communication
Verbal and non verbal
What are the types of verbal communication give examples
Spoken (phone call radio face-to-face conversations)
written (text email novels)
Name the types of none non verbal communication and give examples
Body Language (sign language, gestures, facial expressions)
sound (clapping, siren, vehicle horns)
visual (film, signs,photographs)
Define ICT or Communications technology
The hardware and software used to store and communicate information electronically
How does computerized technology help us
It helps us to gather, store, manage, send and receive information
State the impacts of communication technology on globalization and elaborate on them
Speed- where as it took days to send a letter now it takes seconds
distance- there’s no Global limits
quantity- Communications and information stored and processed is huge
Save some positive and negative points about ICT
Negative
-Cyberbullying
-not always secure poor countries
-have a digital divide
-sacrificing quality of relationships for quantity
_positive _
-easily share emotions / opinions
-pay for goods online
-rich countries have business advantages
-we can interact with people around the world
Define digital divide
Inequalities resulting from poor countries being less well connected to the internet
What are the impacts of ICT on the economy
Encourages growth
improves access to Business Services
improved communication links
business benefits from direct access to global markets
Define tncs
Transnational corporations a large businesses that operating a number of countries they don’t have centralized Management Systems
Define mnc’s
Corporations that operates in many countries and have centralized Management Systems
TNC advantages
Brings money into the country
help develop the country
create jobs
TNC disadvantages
-Wage of local workers are low
-transport links don’t receive financial help
-often jobs are highly skilled so they bring in their own people
Define global chain
The stages from design to the purchase of a product and all the people and persons involved
