18 terms

HL 7- Global interactions at the local level

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Terms in this set (...)

Isomorphism
A scientific term which means replication of the same form yet separated from the main source
Glocalisation
Where the global and the local interact to produce hybridised outcomes. (McChicken in Inida)
Equity
The state, quality or ideal of being just, impartial and fair
Sustainability
Meeting the needs of the present whithout compromising the ability of future generations to meet their own needs
Localisation
Confined or restricted to a particular location
Marketing
The commercial processes involved in promoting and selling and distributing a product or service
Westernisation
A particular form of modernisation in which the methods and values of Western industrial capitalism are the basis of the changes that are occuring
Trade union
An organisation of workers who have banded together to achieve common goals such as pay and better working conditions
Corporate social responsibility
A concept whereby organisations take responsibility for their impact on society and the environment
Triple bottom line accounting
Involves not just economic accounting but also social and environmental accounting
Halal
(Islam) meat from animals that have been slaughtered in the prescribed way according to the shariah
Generic drug
Medication not protected by a brand name, patent or trademark
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 favourable financial terms
Microcredit
giving small loans to people who cannot get money the normal ways, this should empower especially women to stat their own business
Social business
one in which the underlying business model directly addresses a social problem
Urbanization of poverty
The increase in the proportion of people in poverty in a country who live in urban areas
Maternal mortality rates
Annual number of deaths of women from pregnancy-related causes per 1000 live births
Infant mortality rates
The number of deaths under the age of one year per 1000 live births