What is primary sector ?
The sector of the economy that extract raw materials directly from ground or sea
What is secondary sector ?
The sector of the economy that process & manufacture products using raw materials provided by primary sector
What is tertiary sector ?
The sector of the economy that contains industries providing services
What is quaternary sector ?
Consists of those industries providing information services, e.g consultancy and Research & Development
Describe & explain how the proportions employed in each sector vary according to the level of development (pre-industrial)
List the first 6 indicators of development and compare them in MEDCs and LEDCs
List the next 7 indicators of development and compare them in MEDCs and LEDCs
What is globalisation ?
Process by which people, cultures, money goods & information can be transferred between countries with few/no barriers
What are the factors that give rise to globalisation ?
Impacts of globalisation (TNCs) on the host countries (national scale)
Advantages:
- Creates lots of jobs in the country
- Pay slightly higher wages than local companies
- Success of 1 global brand can attract other TNCs to set up here
Disadvantages:
- Suspicion over the use of child labour in some factories
- Can undermine national culture
- Huge demand on water resources & the use of fossil fuels
Impacts of globalisation (TNCs) on the local scale
+ Lots of job opportunities
+ Can learn new skills from foreign companies & being trained
+ Improved infrastructure
+ Access to foreign products more easily & often at lower prices
- Job insecurity as TNCs can relocate
- Local pollution & waste from factories
- May face poor working conditions & being exploited
Impacts of globalisation on a global scale
+ Greater flow of goods, capital & people =>economies more connected
+ Spread of idea, culture & technology => lead to innovation & collaboration
+ Lower prices for consumers due to cheaper production in some country
- Environmental degradation => lead to climate change & pollution
- Uneven benefits, richer countries gain more than poorer ones
- Economies are interconnectedness -=> crisis in 1 country can spread quickly (financial instability)
Describe & explain how the proportions employed in each sector vary according to the level of development (Industrial)
Describe & explain how the proportions employed in each sector vary according to the level of development (post-industrial)
Factors that lead to development gap and therefore inequality between countries ?
What are the factors that lead to inequalities within a country ?
Explain why human development index (HDI) is the best indicator compared to other indicators ?
How technology contribute to globalisation ?