Theme 2: Unequal Intergration

Question 1

Global value chain

Answer 1

Or GVC
A series of stages involved in producing a product or service that is sold to consumers with each stage adding value, and at least two stages being in different countries (according to the world bank)

Question 2

Core-periphery

Answer 2

Core: central region in the economy, good communications and high population density conducing to its prosperity

≠ periphery: outlying regions with poor communications and sparse population

Question 3

Emerging nation

Answer 3

Countries experiencing rapid economic growth and development based on industrial development (ex. Brazil, China etc)

Question 4

Global governance

Answer 4

System of institutions, rules, norms and procedures that enable international cooperation

Question 5

Global inequality

Answer 5

Unequal distribution of resources, opportunities and power amongst countries and their people. It’s an imbalance in the standards of living between countries and/or individuals around the world

Question 6

International organisations

Answer 6

Political and economic organisations
Bodies set up to control and oversee international agreements

Question 7

Least developed countries

Answer 7

Low income countries which are highly vulnerable to economic and environment shocks and have low levels of human assets

Question 8

NGOs

Answer 8

Non governmental organisations

Focused on humanitarian issues, often social problems with a political aspect

Essential in almost every domain: their actions have greatly helped to fight against trafficking, to protect the environment, defend human right…

Question 9

Integration strategies

Answer 9

Integration them into the global market

Question 10

Trade blocs

Answer 10

Regional agreements amount nation’s to enhance economic collaboration, often by reducing trade barriers like tariffs and fostering political cooperation. Each trade bloc operates within unique geographical, political and economic contexts, balancing opportunities and challenges of integration

Question 11

TNCs

Answer 11

Transnational corporations

Companies that operate in multiple countries, locating their headquarters production and sales in different countries.
Important agents of globalisation, creating longer and more frequent connections between countries.

Question 12

Regional inequality

Answer 12

Differences in the quality of life, wealth and living standards of people living and working in different regions at a national scale

Question 13

Globalisation

Answer 13

Historical process linked to the development of capitalism, which results in an increased interconnectedness and interdependence of different human societies and activities (econ, cultural, Pol)

–> contributes to creating linkage between diff territories
–> creating a global system of intensified exchanges and flow of goods
–> widespread econ interdependence

Measured by the KOF index

Question 14

Deregulation

Answer 14

Removing or reducing state regulations to encourage comprtitiveness