Key Vocab
What is poverty?
the state of being poor
Do most people living in poverty live in urban or rural areas?
Rural
What is a TNC?
Bonus: (100) name 3 examples
A company that operates in multiple countries
What is manufacturing?
the process of producing goods in factories from raw materials
What Chinese city became a global trade hub starting in the 1980s?
Shanghai
What is the monetary threshold used to measure who is considered poor?
the poverty line
How have global poverty levels changed over the last few decades?
They have decreased
How much of the world's trade and employment are TNCs responsible for?
> 50% of the world’s trade and ~25% of all employment
How can technology help reduce poverty?
communication, education, or efficiency
How did globalisation through the founding of St. Petersburg impact Russia?
Opened trade with Europe, modernised infrastructure, and introduced new ideas.
What is globalisation?
how the world is becoming more interconnected through movement of goods, people, money, and information
A large proportion of people living in extreme poverty are under what age?
15 (children)
Why might TNCs often relocate to developing countries?
cheap labor or access to resources
What's an example of a disease that is completely curable but still limits development in some countries?
Tuberculosis (TB)
How did globalisation through the Industrial Revolution impact Britain?
Boosted manufacturing, created jobs, increased exports, and urbanised cities.
What are agricultural produce and natural materials sold in bulk?
Commodities
What are the three factors that the UN uses to calculate its HDI?
life expectancy, GNI per capita, education
What is a positive effect TNCs can have on a host country?
job creation, investment, skills transfer, infrastructure
How can a lack of healthcare affect a country’s workforce?
reduce productivity and/or life expectancy
How did globalisation impact Shanghai?
Attracted foreign investment, created factories/jobs, and grew trade with other countries
What is a crop grown for the purpose of being sold?
(Bonus: give an example [100 points])
a cash crop
(multiple accepted)
Small-scale local development projects are an example of what type of development?
Bottom-up development
What is a negative effect TNCs can have on a host country?
exploitation of workers, environmental damage, or profit leaving the country
How can manufacturing boost development in a country?
increase in jobs, exports, infrastructure, or skills transfer
What is meant by a “fourth world” country or population? Give an example.
A marginalized group or area that is extremely underdeveloped and excluded from global economic systems; examples include indigenous nations in the US or Tuvalu.