global independance

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13 Terms

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connectivity

a measure of the links between one place and other places both within and outside of the country. can be physical, social, or even online links

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trading partners

two or more countries that hav arranged an agreement relating to the exchange of goods, services or information.

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south-south trade

exchange of goods between developing countries, usually within the southern hemisphere

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labour mobility

the movement of people within the workforce between different sectors within the economy as well as between economies

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trade pattern

repetitive and established exchange of gods between particular countries

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international trade

the exchange of goods, services, resources and capital across the globe

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global economic system

the international structure relating to all matters of trade, investment and finance

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global interdependence

as a result of globalisation, countries have become mutually reliant on one another for trade and commodities in an interconnected way

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economic interdependence

international trade, investment and production patterns has meant the economies of many societies are now mutually reliant on societies elsewhere.

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political interdependence

the political systems of some countries have become reliant on the stability of political systems elsewhere in the world

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social interdependence

a country’s vision for human development, social well-being and human rights is increasingly interconnected with those of countries elsewhere

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environmental interdependence

the interconnectedness of all natural and human systems that are mutually reliant on one another

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diversification

the process by which an economy expands its activities to involve itself in a wider range of markets