Food miles
A measure of the distance food travels from its source to the consumer. This can be given either in units of actual distance or of energy consumed during transport.
Globalisation
The growing interdependence of countries worldwide through the increasing volume and variety of cross-border transactions in goods and services and of international capital flows, and though the more rapid and widespread diffusion of technology
What is global shift?
Under global shift, manufacturing industries at first and more recently services have relocated in significant numbers from developed countries to selected developing countries
What are the Asian Tigers?
South Korea
Taiwan
Hong Kong
Singapore
Would a country with higher tariffs be more or less globalised ?
It would be less globalised
What is Foreign direct investment ?
Overseas investments in physical capital by transnational corporations
Emerging markets
Developing countries that are experiencing the fastest rate of growth in the global economy
What are the three big financial centres of the world ?
London
New York
Tokyo
Impacts on LEDCs of the 2008 global financial crisis (statistics)
Mongolia: part of the global periphery // what are the root causes of it economic problems?
Mongolia: part of the global periphery // what percentage of people live in poverty?
35% Mongolians live in poverty
Mongolia: part of the global periphery // In what ways is Mongolia a typical developing country ?
Mongolia: part of the global periphery // impact of global financial crisis
Mongolia: part of the global periphery // why has the value of remittances from Mongolians working abroad fallen?
Mongolia: part of the global periphery // how have livestock herders been affected by falling prices of cashmere?
Are LDCs very affected by interactions between the core and periphery ?
Diffusion definition
The spread of a phenomenon over time and space
Intermodal transportation definition
Transporting freight by using 2 or more transportation modes. This is made possible by transportation terminals linking different modes of transport
Friction of distance definition
As the distance from a place increases, the interactions with the place decrease, usually because the time and costs involved increase with distance
Distance decay definition
The reduction in the amount of movement or spatial interaction between 2 places the greater the distance they are apart
Time-space convergence definition
This process concerns the changing relationship between time and space, and notably the impacts of transportation improvements on such a relationship
Time-space divergence definition
When the journey time between places increases due to congestion, lower speed limits or other limiting factors
Supply chain definition
The movement of products from a manufacturer to a distributor to a retailer and any points in between
Deregulation definition
The lifting of government controls over an industry which usually results in greater competition and lower prices for consumers