Hint
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Answer
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Transfer of a business, industry, or service from public to private ownership and control
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Privatisation
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Meeting the needs of the current generation without compromising the ability of future generations to meet their own needs
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Sustainable Development
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Process of moving part of a company's own production process to another country, e.g. building a new factory in China, where wage rates are lower
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Offshoring
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A permanent move from one place to a new place, for one year or more
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Migration
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An area in a country that is subject to different economic regulations than other regions within the same country
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Special Economic Zones (SEZs)
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An enterprise that is involved with the international production of goods or services, foreign investments, or income and asset management in more than one country
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Transnational Corporations (TNCs)
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The idea that food and goods should be grown locally, supporting local jobs and reducing transport, and thus being more sustainable, rather than being sourced globally
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Localism
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Policy of protecting domestic industries against foreign competition by means of tariffs, subsidies, import quotas, or other restrictions
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Protectionism
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Weakening or damaging of something due to serious losses of its components (culturally)
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Cultural Erosion
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The ability to rapidly regain normal state following an adverse change
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Resilience
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Process of increasing interconnectivity between countries
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Globalisation
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Hint
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Answer
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The closure of manufacturing industries such as steel, shipbuilding and engineering
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Deindustrialisation
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People moving from the countryside to cities
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Rural-urban migration
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Voluntary group of individuals or organizations, usually not affiliated with any government, that is formed to provide services or to advocate a public policy
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Non-Governmental Organisation (NGO)
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Undifferentiated primary products bought in bulk, e.g. wheat, iron ore. They are usually used as raw materials in the manufacturing process
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Commodities
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Process where a firm contracts with another company to obtain goods or services from it
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Outsourcing
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May refer to money (financial capital) or things used to make other things, e.g. machinery, factories (physical capital) or improvements in workers' productivity capital, e.g. through education, training and health (human capital)
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Capital
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The improvement of quality of life (level of happiness, wellbeing or contentment, resulting from a way of living) of a country's population
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Development
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Removal or reduction of restrictions or barriers on the free exchange of goods between nations
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Free Market Liberalisation
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The adoption of the practices and culture of western Europe by societies and countries
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Westernisation
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Payments by the government to a company to promote a particular activity
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Subsidies
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