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Global Shift
the locational movement of manufacturing production in particular from ACs to EDCs and LIDCs from the 1970s onwards
Global Supply Chains
flows of materials, products, information, services and finance in a network of suppliers, manufactures, distributors and customers around the world
Globlalisation
the growing interdependence of peoples lives through the spread of ideas around the world
De-industrialisation
the absolute or relative decline in the importance of manufacturing in the economy of a country or region
Global Value Chain
formed when different stages of production are located across different countries.
Advanced Counties
countries that share a number of important economic development characteristics, including well-developed financial markets.
Emerging and Developing Countries
countries that do not share all the economic development characteristics required to be advanced, not eligable for the Poverty Reduction and Growth Trust
Low-income Developing Countries
countries that are eligable for financial support from the IMF through the Povery Reducation and Growth Trust
Primary Sector
Economics activitie that produce food, fuel and raw materials
Secondary Sector
Economic activities involving manufacturing industries
Tertiary Sector
Economic activities providing a service
Quaternary Sector
Economic activities that provide services to other economics activities
Transnational Coroporation
very large company with factories and offices in more that one country, which markets products and services worldwide
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