Globalisation and Global Challenges Flashcards

Flashcards related to Globalisation and Global Challenges from lecture notes.

Globalisation

Economic, cultural, technological interconnectedness on a worldwide scale.

Economically powerful countries

Countries with strong economies.

Economically weak countries

Countries with weaker economies.

Industrialised countries

Nations with significant industrial sectors.

Western countries

Countries aligned with Western ideologies and cultures.

Developing countries

Nations with less developed economies.

The global village

The concept of the world becoming increasingly interconnected and unified.

Multinational firms, companies and corporations

Companies that operate in multiple countries.

Global flow of money and goods

The exchange of money and goods across international borders.

To expand trade

To increase the amount of trade activity.

To maximize profits

To seek the highest possible earnings.

To introduce more part-time and temporary work

To incorporate temporary or part-time positions.

To plan a merger

The act of combining two companies into one.

To give top priority to efficiency

Treating effectiveness as a top consideration.

To focus on shareholders’ interests

Concentrating on the benefits and interests of those holding stock in a company.

To privatize state-owned companies

To make state-owned entities privately controlled.

To subsidise a corporation

To provide financial assistance to a corporation.

To impose low taxes

To set low rates of tax.

Supporters/proponents of globalisation

Those who support or advocate for globalisation.

To bridge the global divide

To reduce or eliminate the gap between different parts of the world.

To think of the interests of the developing nations

To consider the needs and interests of less economically advanced countries.

To protect workers’ rights

To defend the entitlements and conditions of employees.

Rising standard of living

An increasing level of material comfort and wealth.

To lead to an economic boom

To start or cause a period of increased economic activity.

To provide medical services

To make medical care available.

To negotiate trade agreements

To come to an agreement on trade-related matters.

To have access to foreign markets

To have admittance to markets in other countries.

To increase prosperity

To make bigger wealth.

To contribute to material wealth

To give the resources that allows for prosperity.

To reduce technological backwardness

To make lower the level of technological lag.

To take advantage of cheap labour

To exploit reduced labour costs.

Anti-globalists

Those who oppose globalisation.

Anti-globalisation campaigners

People who promote against globalisation.

Uncontrolled multinationals

Multinational groups with no control.

Child labour

The use of child labour or the use of kids for labour

To dismiss staff

Making people redundant.

Economic conditions may deteriorate

This may happen when economic conditions are not good.

A growing gap between rich and poor countries

This is due to the increasing distance in countries.

To widen the gulf between rich and poor

To get bigger space between rich and the poor.

To suffer exploitation

To get exposition.

To be controlled by a company

To be under strict supervision.

To lead to a financial crisis

A period when a country's ecomony is not good.

To aggravate conflicts

Make conflicts worse.

The process of Americanisation

A process which promote American culture.

The loss of cultural identity

The lost of uniqueness of cultures.

To become economically dependent on sb

Being economically reliant on another person.

To evoke terrorism and fundamentalism

This may evoke terrorism.

Poor/impoverished/poverty-stricken countries

Countries with no economical support.

Few chances for employment

Having little chances for being employed.

Debt relief

The reduction of the heavy debts.

Fair trading conditions

Having economical trades.

To cope with environmental problems

Facing environmental problems.

Greenhouse gases

Those which leads to increasing warming.

Deforestation

The felling of trees.

The threat of global terror

The threat that are global.

Global players

Organizations that act globally.

The World Bank

The organization to help countries financially .

The World Trade Organisation (WTO)

Organization to govern international trades.

The International Monetary Fund (IMF)

Organization that gives money for stability.

To give interest-free loans

Offer loans so no pay back.

The United Nations

The organization that aims for sustainable development.