Economic globalisation by Fady Faragallh https://padlet.com/fadyf1/z5j3qmfw7jme en-us 2019-01-06 19:06:43 UTC 2025-11-02 09:49:22 UTC hello@padlet.com https://padlet-assets.s3.amazonaws.com/icons/Balance.png fadyf1 https://padlet.com/fadyf1/z5j3qmfw7jme/wish/317687433 Economy: the amount of money or means of making wealth a country has available to its disposal.

]]> 2019-01-06 19:07:42 UTC https://padlet.com/fadyf1/z5j3qmfw7jme/wish/317687433 fadyf1 https://padlet.com/fadyf1/z5j3qmfw7jme/wish/317687471 China’s economy is growing as they are very prevalent on the world market and have a vast array of raw resources they can trade]]> 2019-01-06 19:08:17 UTC https://padlet.com/fadyf1/z5j3qmfw7jme/wish/317687471 fadyf1 https://padlet.com/fadyf1/z5j3qmfw7jme/wish/317687675 Scarcity: the availability of a certain or in this case the lack thereof

]]> 2019-01-06 19:09:51 UTC https://padlet.com/fadyf1/z5j3qmfw7jme/wish/317687675 fadyf1 https://padlet.com/fadyf1/z5j3qmfw7jme/wish/317687709  there is no water in the Sahara desert and is hence scarce of water/ there is no raw petrol in Europe so countries look to others that do ]]> 2019-01-06 19:10:09 UTC https://padlet.com/fadyf1/z5j3qmfw7jme/wish/317687709 fadyf1 https://padlet.com/fadyf1/z5j3qmfw7jme/wish/317688005 Sustainable prosperity: being able to maintain a state of wealth and peace for a long term basis

]]> 2019-01-06 19:12:51 UTC https://padlet.com/fadyf1/z5j3qmfw7jme/wish/317688005 fadyf1 https://padlet.com/fadyf1/z5j3qmfw7jme/wish/317688049 a community lowers it’s unemployment ratio through newly founded jobs]]> 2019-01-06 19:13:25 UTC https://padlet.com/fadyf1/z5j3qmfw7jme/wish/317688049 fadyf1 https://padlet.com/fadyf1/z5j3qmfw7jme/wish/317688187 Economic globalisation: the process through which countries economic systems become interconnected and reliant on each other

]]> 2019-01-06 19:15:06 UTC https://padlet.com/fadyf1/z5j3qmfw7jme/wish/317688187 fadyf1 https://padlet.com/fadyf1/z5j3qmfw7jme/wish/317688227  the silk road was the first case when Europeans were exposed to eastern cultures and brought back knowledge from journeys]]> 2019-01-06 19:15:36 UTC https://padlet.com/fadyf1/z5j3qmfw7jme/wish/317688227 Bretton Woods fadyf1 https://padlet.com/fadyf1/z5j3qmfw7jme/wish/317688382 the location at which the Bretton Woods system was formed to try and keep a stable economy through a stable monetary system 

]]> 2019-01-06 19:17:09 UTC https://padlet.com/fadyf1/z5j3qmfw7jme/wish/317688382 GATT fadyf1 https://padlet.com/fadyf1/z5j3qmfw7jme/wish/317688413 agreement between countries to encourage trade by reducing trade barriers (general agreement on tariffs and trade)

]]> 2019-01-06 19:17:33 UTC https://padlet.com/fadyf1/z5j3qmfw7jme/wish/317688413 IMF fadyf1 https://padlet.com/fadyf1/z5j3qmfw7jme/wish/317688521  international organisation formed by the Bretton woods agreement to help countries to stabilize their economies, they do not provide funding for projects ( international monetary fund) countries who contribute more have a larger say 
(short term)
]]> 2019-01-06 19:18:54 UTC https://padlet.com/fadyf1/z5j3qmfw7jme/wish/317688521 WTO fadyf1 https://padlet.com/fadyf1/z5j3qmfw7jme/wish/317688775 organisation that oversees international trade updates on the GATT agreement ( world trade organisation)

]]> 2019-01-06 19:21:40 UTC https://padlet.com/fadyf1/z5j3qmfw7jme/wish/317688775 World Bank fadyf1 https://padlet.com/fadyf1/z5j3qmfw7jme/wish/317688836  international organisation that provides loans, the provide financial support for projects unlike the international monetary fund 

]]> 2019-01-06 19:22:21 UTC https://padlet.com/fadyf1/z5j3qmfw7jme/wish/317688836 fadyf1 https://padlet.com/fadyf1/z5j3qmfw7jme/wish/317690937 Non-renewable resource: an element or thing that is being used quicker than it is naturally made and will hence eventually run out

]]> 2019-01-06 19:46:35 UTC https://padlet.com/fadyf1/z5j3qmfw7jme/wish/317690937 fadyf1 https://padlet.com/fadyf1/z5j3qmfw7jme/wish/317690981 oil is being used faster than it is being made naturally]]> 2019-01-06 19:47:02 UTC https://padlet.com/fadyf1/z5j3qmfw7jme/wish/317690981 fadyf1 https://padlet.com/fadyf1/z5j3qmfw7jme/wish/317691103 Primary industry: the industry concerned with providing the first raw materials]]> 2019-01-06 19:48:20 UTC https://padlet.com/fadyf1/z5j3qmfw7jme/wish/317691103 fadyf1 https://padlet.com/fadyf1/z5j3qmfw7jme/wish/317691136 mining, agriculture, forestry]]> 2019-01-06 19:48:45 UTC https://padlet.com/fadyf1/z5j3qmfw7jme/wish/317691136 fadyf1 https://padlet.com/fadyf1/z5j3qmfw7jme/wish/317691239 Secondary industry: industry that converts raw resources into products for consumer

]]> 2019-01-06 19:50:03 UTC https://padlet.com/fadyf1/z5j3qmfw7jme/wish/317691239 fadyf1 https://padlet.com/fadyf1/z5j3qmfw7jme/wish/317691275 factories that make clothes]]> 2019-01-06 19:50:28 UTC https://padlet.com/fadyf1/z5j3qmfw7jme/wish/317691275 Tertiary industry fadyf1 https://padlet.com/fadyf1/z5j3qmfw7jme/wish/317691754 industry that revolves around giving services over the products I.E (nursing teaching)

 
]]> 2019-01-06 19:55:50 UTC https://padlet.com/fadyf1/z5j3qmfw7jme/wish/317691754 fadyf1 https://padlet.com/fadyf1/z5j3qmfw7jme/wish/317691887 Quaternary industry: revolves around knowledge and skill of technology


]]> 2019-01-06 19:57:13 UTC https://padlet.com/fadyf1/z5j3qmfw7jme/wish/317691887 fadyf1 https://padlet.com/fadyf1/z5j3qmfw7jme/wish/317691900
(the programming of computers)

]]> 2019-01-06 19:57:27 UTC https://padlet.com/fadyf1/z5j3qmfw7jme/wish/317691900 fadyf1 https://padlet.com/fadyf1/z5j3qmfw7jme/wish/317692064 Imports: the buying of products whatever they may be into a county where there is a need for them]]> 2019-01-06 19:59:02 UTC https://padlet.com/fadyf1/z5j3qmfw7jme/wish/317692064 fadyf1 https://padlet.com/fadyf1/z5j3qmfw7jme/wish/317692219 (entering) (high demand/ low supply)
(Jamaica imports computers as they dont have the means of producing their own)

]]> 2019-01-06 20:00:36 UTC https://padlet.com/fadyf1/z5j3qmfw7jme/wish/317692219 fadyf1 https://padlet.com/fadyf1/z5j3qmfw7jme/wish/317692310 Exports: the selling of products from a country to another where there is a higher need and less supply]]> 2019-01-06 20:01:29 UTC https://padlet.com/fadyf1/z5j3qmfw7jme/wish/317692310 fadyf1 https://padlet.com/fadyf1/z5j3qmfw7jme/wish/317692337  (leaving) (low demand/ high supply)
( egypt exports cotton to other countries as its seen as higher quality)

]]> 2019-01-06 20:01:50 UTC https://padlet.com/fadyf1/z5j3qmfw7jme/wish/317692337 fadyf1 https://padlet.com/fadyf1/z5j3qmfw7jme/wish/317692479 Tariff: an extra amount to be paid on imports to encourage the purchase of local products

]]> 2019-01-06 20:03:20 UTC https://padlet.com/fadyf1/z5j3qmfw7jme/wish/317692479 fadyf1 https://padlet.com/fadyf1/z5j3qmfw7jme/wish/317692500 these two silks cost the same but the one that is imported from egypt has a tariff making it more expensive than the one made locally]]> 2019-01-06 20:03:40 UTC https://padlet.com/fadyf1/z5j3qmfw7jme/wish/317692500 Quota fadyf1 https://padlet.com/fadyf1/z5j3qmfw7jme/wish/317692606 a limit or minimum of a certain thing
( the pharmacist achieves her minimum quota of 10 patients during her shift)

]]> 2019-01-06 20:04:57 UTC https://padlet.com/fadyf1/z5j3qmfw7jme/wish/317692606 Ecological footprint fadyf1 https://padlet.com/fadyf1/z5j3qmfw7jme/wish/317692709 the effect that a certain thing, whatever it may be has on the environment 
( a factory in india is dumping chemicals into a river, killing all fish down that river)


]]> 2019-01-06 20:06:03 UTC https://padlet.com/fadyf1/z5j3qmfw7jme/wish/317692709 Domestic fadyf1 https://padlet.com/fadyf1/z5j3qmfw7jme/wish/317692794 event that happens inside something that belongs to you (house, country)
( canada is improving its domestic economy by legalizing cannabis)

]]> 2019-01-06 20:06:54 UTC https://padlet.com/fadyf1/z5j3qmfw7jme/wish/317692794