1.3- global perspective on development issues

• what are the four case studys

  india

  bangladesh

  vietnam

  uk
• what is India

  a NIC ( newly industrialised country)
• what is Bangladesh

  A NIC (newly industrialized country)
• what is vietnam

  a NIC (newly industrialized country)
• what is the uk

  a HIC ( high income country)
• define trade

  the import and export of goods such as food, fuel, raw materials and technology
• define imports

  buying goods into a country
• define exports

  selling goods out of a country
• define trade balance

  the difference in money terms between imports and exports
• define commodities

  a raw material or primary agricultural product that can be brought and sold
• define quotas

  restictions on the amount of imported produce each year
• define import duties

  taxes or tariffs on imports to make them more expensive
• define subsidies

  paying money to your own business so their goods can be sold at a lower price
• define trade protectionism

  restricts trade between countries
• define free trade

  allows a country to trade with any country in a competitive manor without any limits
• define trade bloc

  an agreement between countries where barriers are reduced
• define subsistence farming

  the practice of growing crops or raising livestock for only ones use
• define monoculture

  the cultivation of one single crop in a given area
• when did fair trade begin

  1992
• define fairtrade

  when famers get paid a fair price for their produce
• what does HIC stand for

  high income country
• what does MIC stand for

  middle income country
• what does LIC stand for

  low income country
• what does NIC stand for

  newly industrialized country
• what does MNC stand for

  multi national country
• define globalization

  a process by which the world is becoming increasingly interconnected as a result of increased trade
• what are two impacts of development

  single and composite
• what are five drivers of globalisation

  technology

  culture

  trade

  transport

  migration
• what are two causes of uneven development

  human

  natural
• what is the primary employment sector

  extractive industry's
• what is a job in the primary sector

  farmer
• what is the secondary employment sector

  manufacturing industry's
• what is a job in the secondary sector

  building work
• what is the tertiary employment sector

  service industry's
• what is a job in the tertiary sector

  teacher
• what is the quaternary employment sector

  research and development
• what is a job in the quaternary sector

  scientist