Global Shift Key Terms

"The locational movement of manufacturing production in particular from ACs to EDCs and LIDCs from the 1970s onwards."

• Global Shift
• Globalisation
• Global Value Chain
• De-industrialisation 

"The absolute or relative decline in the importance of manufacturing in the economy of a country or region."

• De-industrialisation 
• Global Shift
• Global Value Chain
• Globalisation 

"The growing integration and interdependence of people’s lives in a complex process with economic, social (cultural), political and environmental components."

• Globalisation
• Advanced Country
• Primary Sector
• Global Supply Chain

"Companies attempt to optimise their operations by locating various stages of production across different locations."

• Global Value Chain
• Global Shift
• De-industrialisation 
• Globalisation

"Countries that share a number of important economic development characteristics, including well-developed financial markets, high degrees of financial intermediation and diversified economic structures with rapidly growing service sectors."

• AC
• EDC
• LIDC

"Countries that do not share all the economic development characteristics required to be advanced, and also are not eligible for the Poverty Reduction and Growth Trust, identified by the IMF"

• AC
• EDC
• LIDC

"Countries that are eligible for financial support from the IMF through the Poverty Reduction and Growth Trust."

• AC
• EDC
• LIDC

"Economic activities that produce food, fuel and raw materials, e.g. agriculture, forestry, fishing, mining, quarrying and water supplies."

• Primary Sector
• Secondary Sector
• Tertiary Sector
• Quaternary Sector

"Economic activities involving manufacturing industries, e.g. processing raw materials, making semi-finished products, e.g. screws and computer processors and assembling components."

• Primary Sector
• Secondary Sector
• Tertiary Sector
• Quaternary Sector

"Economic activities providing services, e.g. education and health, legal, financial, insurance, government."

• Primary Sector
• Secondary Sector
• Tertiary Sector
• Quaternary Sector