HL 7: Global interactions at a local level

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Terms in this set (...)

Glocalisation
The adaptation of a global product for a local market place. The word comes from an amalgamation of the words globalization and localization.
Isomorphism
a scientific term which means the replication of the same form yet separated from the main source.
Localism
confined or restricted to a particular location.
Westernisation
a form of modernisation, where western values and methods of industrial capitalism are the basis of the changes that are occurring.
Trade union
an organization of workers who have banded together to achieve common goals like pay and better working conditions.
Corporate social responsibility
a concept whereby organisations take responsibility for their impact on society and the environment.
Halal
An Arabic term designating any object or action that is permissible to use or engage in.
Fair trade
a movement that aims to create direct long-term trading links with producers in developing countries and ensure they receive a guaranteed price for their product on favorable financial terms.
Microcredit
tiny loans and financial to help the poor, especially women, to start up their own business and escape poverty
Social business
forms of business that seek to profit from investments that generate social improvements and serve a broader human development purpose
Urbanisation of poverty
the increase in the proportion of people living in poverty in urban areas in a country