Development and globalization

Pregunta	Respuesta
GDP Gross domestic Product	the total amount of goods produced by a country across the world
GNP	The total value of goods produced in one country by that country
HDI human development index	Measured using 3 statistics: Life Expectancy Literacy Rate Standard of living
MDC's	most well developed countries e.g. US
Developing countries	ones undergoing development- e.g. Malaysia
LDC's	Least developed countries- e.g. Ethiopia
NIC's	Newly industrialized countries- have just finished development in the past 10 years- e.g China
RIC's	Recently industrialized countries- further behind than NIC's- e.g. Dubai
Centrally planned economies	The few remaining communist countries- e.g. North Korea
Oil Rich countries	Saudi Arabia
Globalization	The increased inter connection in the worlds economic, cultural and political systems.
Global Shift	Manufacturing gone from developed countries to lower wage economies
Asian Tigers	Taiwan, South Korea, Hong Kong and Singapore
Emerging BRIC Economies	Brazil, Russia, India & China
NIC Case study	China
Case study for a country in a low level of development	Bangladesh
Grameen Bank	A micro finance organisation and community development bank started in Bangladesh that makes small loans to poor
Why are trade blocks made?	To further socio economic development To increase alliances and trade To allow free movement To prevent war
Free trade areas	Tariffs and quotas are reduced on goods between members and restrictions are put in place for goods coming in to the area e.g. NAFTA
Customs Unions-	Tariff on imports from the outside the group e.g. Mercosur
Common Markets-	like customs unions but with grater freedom of movement and labor and capital
TNC's	Transnational Corporations Companies that operate in two or more countries
Service Sector-	Economic activity that does not produce goods but provides services
Offshore Outsourcing	the practice of hiring an external organisation to perform some business functions in a country other than the one where the products or services are developed or manufactured
TNC case study	Infosys- Bangalore
Bilateral Aid-	From government to government
Multilateral Aid-	Collective governments donate to an organisation who then distributes it to suffering countries
Voluntary Aid-	small NGOs send workers to help
Ways aid can be delivered Tied aid	Limit the power of nations and may eventually cause resentment
Ways aid can be delivered Short term aid	Following an emergency- e.g. earthquake Rescue operations
Ways aid can be delivered Long term development projects	improving food availability and farming methods
Ways aid can be delivered Top down aid	'throwing' money at a country allowing them to get on with it
Ways aid can be delivered Bottom up	Most helpful to the community- small scale
RIC case study	Dubai

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	Creado por Charlotte Gray5800 hace más de 9 años