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Flashcards in key terminology Deck (7)
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1

what is globalisation

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

2

Reasons for globalisation

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

3

What is a transnational corporation?

an international corporation, or a stateless corporation.

4

what is interdependency?

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

5

What is sustainable development?

Economic development that is conducted without depletion of natural resources.

6

What is economic development?

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

7

What is a global community?

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