Edexcel A Level Business – Global Business Theme 4

Edexcel A Level Business – Global Business Theme 4 Globalization The growth of international trade that has made an increasing number of markets global rather than national. Economy The state of a country or region in terms of the production and consumption of goods and services GDP Gross Domestic Product - the value of all goods and services produced within an economy over a period of time. Per capita Looking at data per member of the population Human Development Index A singular, measurable indicator of healthy economic growth. Taken by combining figures on national income, life expectancy and average time spent in education. International trade A transaction of goods or services taking place between two countries. This could be a transaction carried out between governments or businesses. Imports Where a country buys in goods/services from a seller outside of their own country. Exports Where a country sells goods/services to a buyer outside of their own country. Foreign Direct Investment A situation where a company invests into a new country, either by setting up a new business abroad or taking over/merging with an existing business abroad. Inward FDI Foreign Direct Investment in to a country, such as the UK, from a country abroad. Outward FDI Foreign Direct Investment from a country, such as the UK, to a country abroad. Trade liberalization Where governments deci