Interdependence - The theory that nations depend on each other economically, politically, socially and environmentally., Deindustrialisation - A reduction in industrial capacity, leading to social and economic change within a region, Diaspora - ‘To scatter about’ - People displaced from their homeland, voluntarily or forced., Economic Migration - Movement of migrants to improve financial income or standard of living, Foreign Direct Investment (FDI) - An investment by one country or business with an interest in another country., Global Common - An area that does not belong to one country, but instead belongs toeveryone, including: the atmosphere, international waters, outer space, and Antarctica., Global governance - The process of global management, where multiple nations act, Glocalisation - The adaptation of a good offered by a TNC to suit a local market., International Monetary Fund (IMF) - A fund of 189 member countries with the aim to aideach other to achieve financial stability and provide loans for development., NGOs - Non-government Organisations - these organisations usually have a weakerinfluence over global governance., Outsourcing - A business contracts outside businesses to complete some of their work, with the aim to reduce costs., Periphery Region - Less wealthy, developing/ less developed countries that have less power over global markets., Trade Bloc - A group of countries that act together to promote trade and a free movement of goods/services between member states., World Trade Organisation (WTO) - Members seek substantial reductions on tariffs and trade barriers and the elimination of preferences on a mutually advantageous basis, Greenpeace - NGO essential in the creation of the Madrid Protocol, Moratorium - A ban of a certain activity, e.g. Whaling and mini in the Southern Ocean and Antarctica, Krill - Crustacean which are under threat in the Southern Ocean, Special and differential treatment - Unique trade deals made between nations which can upset others due to undercutting, e.g. the Banana Trade War, Protectionism - Trade barriers used to protect home businesses, Geopolitics - Political and international relations influenced by geographical factors, e.g. The South China Sea dispute,
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Dominicmay1
Y13
Geography
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