Geography A Level - Human - Globalisation Definitions

May refer to money (financial capital) or things used to make other things, e.g. machinery, factories (physical capital) or improvements in workers' productivity capital, e.g. through education, training and health (human capital)

Transfer of a business, industry, or service from public to private ownership and control

The adoption of the practices and culture of western Europe by societies and countries

Voluntary group of individuals or organizations, usually not affiliated with any government, that is formed to provide services or to advocate a public policy

Process of increasing interconnectivity between countries

An area in a country that is subject to different economic regulations than other regions within the same country

Payments by the government to a company to promote a particular activity

An enterprise that is involved with the international production of goods or services, foreign investments, or income and asset management in more than one country

A permanent move from one place to a new place, for one year or more

Undifferentiated primary products bought in bulk, e.g. wheat, iron ore. They are usually used as raw materials in the manufacturing process

The improvement of quality of life (level of happiness, wellbeing or contentment, resulting from a way of living) of a country's population

The closure of manufacturing industries such as steel, shipbuilding and engineering

Process of moving part of a company's own production process to another country, e.g. building a new factory in China, where wage rates are lower

Removal or reduction of restrictions or barriers on the free exchange of goods between nations

The ability to rapidly regain normal state following an adverse change

Process where a firm contracts with another company to obtain goods or services from it

Meeting the needs of the current generation without compromising the ability of future generations to meet their own needs

Policy of protecting domestic industries against foreign competition by means of tariffs, subsidies, import quotas, or other restrictions

Weakening or damaging of something due to serious losses of its components (culturally)

The idea that food and goods should be grown locally, supporting local jobs and reducing transport, and thus being more sustainable, rather than being sourced globally

People moving from the countryside to cities