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3.5 How globalisation causes structural change in terms of the decline of…
3.5 How globalisation causes structural change in terms of the decline of manufacturing and the rise of the service industry
Global Shift
The locational movement of manufacturing production in particular from Acs to EDCs and LIDCs from the 1970s onwards.
Economic restructuring
The change in the proportions of people working invidious economic sectors e.g. the change in Acs from secondary to tertiary employment.
De-industrialisation
The absolute or relative decline in the importance of manufacturing in the economy of a country or region.
Primary
Economic activities that produce food, fuel and raw materials e.g. extracting, agriculture, mining, forestry, fishing, quarrying, and water supplies.
Secondary
Economic activities involving manufacturing industries e.g. processing raw materials, making semi finished and finished goods.
Tertiary
Economic actives providing services e.g. education, health, legal, financial, insurance and government.
Quaternary
Economic activities that provide services to other economic activities e.g. finance, research and development, advertising and consultancy, pharmaceuticals.
Post industrial society
A society and economy no longer dominated by the secondary sector, but one where the greater majority of people are involved in tertiary activities.
Tansnational Corporation
A very large company with factories and offices in more than one country which markets products and services worldwide.
Nation
Large group of people with strong bonds of identity, unites by a shared language, decent, history, culture and traditions.
Nation State
A nation that has its own independent state; the boundary of the state coincide with the area inhabited by the nation.