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Flashcards in key terminology Deck (7)
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1
Q

what is globalisation

A

Globalisation is the process by which the world is becoming increasingly interconnected as a result of massively increased trade and cultural exchange.

2
Q

Reasons for globalisation

A

Improvements in transportation
Freedom of trade
Improvements of communications
Labour availability and skills

3
Q

What is a transnational corporation?

A

an international corporation, or a stateless corporation.

4
Q

what is interdependency?

A

the dependence of two or more people or things on each other. In this sense, two or more countries.

5
Q

What is sustainable development?

A

Economic development that is conducted without depletion of natural resources.

6
Q

What is economic development?

A

Efforts to improve the well-being and quality of life for a community

7
Q

What is a global community?

A

the people or nations of the world, considered as being closely connected by modern telecommunications and as being economically, socially, and politically interdependent.