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Words to remember
1. Poverty Absolute poverty, extreme poverty, or destitution refers to the complete lack of
the means necessary to meet basic personal needs such as food, clothing and
shelter. ... Therefore, the threshold at which relative poverty is defined varies from
country to another, or from one society to another.
2. GLOBAL DEMOGRAPHY Demography is the statistical study of populations, especially
human beings. As a very general ...Demographic analysis can cover whole societies or
1 groups defined by criteria such as education, nationality, religion, and ethnicity. ... This
period included a panoply of international 'great demographers'
3. GLOBAL MIGRATION a situation in which people go to live in foreign countries,
especially in order to find work: Most global migration is from developing countries to
developed ones. Global migration patterns.
4. Demographic Transition Demographic transition (DT) is the transition from high
birth and death rates to lower birth and death rates as a country or region develops from
a pre-industrial to an industrialized economic system.
5. Global Population Human population refers to the number of people living in a
particular area, from a village to the world as a whole. A
secondary meaning of population is the inhabitants themselves, but in most
uses population means numbers.
6. Global Migration a situation in which people go to live in foreign countries, especially
in order to find work: Most global migration is from developing countries to developed
ones. Global migration patterns.
7. Labor Migration Labor migration refers to migration for the main purpose of
employment. Labor migrants often work in the informal sector and are usually exposed
to abuses resulting from xenophobia and racism
8. Diaspora a Greek word meaning dispersion. or refers to member of ethnic groups who have
left their homeland in large number or have been forced out
9. ECONOMIC GLOBALIZATION Economic globalization refers to the free movement
of goods, capital, services, technology and information. ... And the shifting location of
goods production has caused many jobs to cross borders, requiring some workers in
developed countries to change careers.
2 10. GLOBAL TRADE Definition of Global Trade. Global trade, also known as
international trade, is simply the import and export of goods and services across
international boundaries. Goods and services that enter into a country for sale are called
imports.
11. Economic Globalization Economic globalization refers to the free movement of goods,
capital, services, technology and information. ... And the shifting location of goods
production has caused many jobs to cross borders, requiring some workers in developed
countries to change careers.
12. Global Trade Definition of Global Trade. Global trade, also known as
international trade, is simply the import and export of goods and services across
international boundaries. Goods and services that enter into a country for sale are called
imports
13. Protectionism the theory or practice of shielding a country's domestic industries from
foreign competition by taxing imports.
14. Trade Liberalization Trade liberalization is the removal or reduction of restrictions or
barriers on the free exchange of goods between nations. This includes the removal or
reduction of tariff obstacles, such as duties and surcharges, and nontariff obstacles,
3 such as licensing rules, quotas and other requirements.
15. cross-border trade The buying and selling of goods and services between
businesses in neighboring countries, with the seller being in one country and the buyer
in the other country, for example, a company in the United States selling to a company in
Canada. Also called CBT, international trade, and international selling.
16. international capital flow Capital flows refer to the movement of money for the
purpose of investment, trade or business production, including the flow of capital within
corporations in the form of investment capital, capital spending on operations and
research and development
17. Technological innovations. Technological innovations comprise new products
and processes and significant technological changes of products and processes.
An innovation has been implemented if it has been introduced on the market
(product innovation).
18. Economic globalization Economic globalization refers to the free movement of
goods, capital, services, technology and information. ... And the shifting location of
goods production has caused many jobs to cross borders, requiring some workers in
developed countries to change careers.
19. Economic chain Production chain. Production chain, in economics, an analytical tool
used to understand the nature of the production process (including production of both
goods and services) and its transformations. ... Hence, production chains are often
4 called “value-added” or “value” chains.
20. Global market Definition of global market. The activity of buying or selling goods
and services in all the countries of the world, or the value of the goods and services
sold.
21. Giant countries the-largest-countries-in-the-world-the-biggest-nations-a..
Collectively, the world's largest countries contain rainforest and tundra;
technically it is so large that it doesn't even qualify as an island.