Globalisation Flashcards
(106 cards)
Death rate
Number of deaths per 1000 per year in a region
Birth rate
Number of births per 1000 per year in a region
Economic migrant
Migrant whose primary motivation is to seek employment
Migrants who already have jobs may be searching for better pay/more regular pay/promotion/change of career
Internal migration
Movement of people between different regions within same nation
Example of internal migration
Millions of people in poorer nations move from countryside to cities in recent decades in response to differing levels of economic opportunity
Intervening obstacle
Barrier to migrant such as a political border or physical feature (e.g. Mediterranean for North Africans heading to Europe)
Other obstacles include family pressures and travel costs
Intervening opportunity
Alternative migration destination that exists between migrants place of origin and intended destination
Natural increase
Difference between BR and DE usually converted into a percentage
Natural decrease
Higher humber of deaths than births in a year
Structural adjustment programmes
Strict conditions imposed on countries receiving loans from IMF and World Bank.
Receiving governments may be required to cut back on healthcare, education, sanitation and housing programmes
Elite
A group of people who are economically and socially powerful.
Money may be inherited or entrepreneurial in origin (e.g. Bill Gates has earned over $50b from his company Microsoft)
Foreign direct investment
A financial injection made by a TNC into a nation’s economy
- Build new facilities e.g. Factories/shops
- Acquire or merge with existing firm there
Rural-urban migration
Movement of population from rural to urban areas
Typically young (15-30yrs) and male dominated, although in Asian nations (esp China and Thailand) there is balance between men and women
Development gap
Difference in levels of economic and social well being between richest and poorest people on planet
Gross domestic product
Measure of financial value of goods and devices produced within a territory (including foreign firms located there).
Divided by population size to produce a per capita figure for purpose of making comparisons.
Human development index
A UN measure of economic and social development that takes Ito account income per capita, life expectancy and literacy
Poverty
Lack of wealth
Absolute poverty
Income levels below what is needed to maintain an adequate diet
Relative poverty
Income levels that are below average for a region
Petrodollars
Money derived from selling oil
Since formation of OPEC, states (e.g. Saudi Arabia, UAE inc. Dubai, Venezuela) experienced significant increases in levels of national wealth
Spatial division of labour
Common practice among large firms for moving low skilled work abroad to places where labour costs are low, where factories and call centres are established in poorer countries.
Important skilled jobs (e.g. Management/research) are retained at firm’s HQ in country of origin
Maquiladora
Branch plant in Mexico
Trade blocs
Voluntary international organisations that exist for trading purposes, bringing greater economic strength and security to nations that join
Assembly industries
Manufacturing operations that take the products of many different industries and fit these together to make finished goods