Ib Geography Paper 3

Front 1

Global Interaction

Back 1

​Ways in which countries interact through SEEP (Social, Economic, Environmental and Political) Factors.

Front 2

Globalisation​

Back 2

Growing independence of countries worldwide.

Front 3

Transactions​

Back 3

Interactions between two parties.

Front 4

Interdependence​

Back 4

Being mutually reliant.

Front 5

Capital Flows​

Back 5

Movement of money

Front 6

Diffusion

Back 6

Spread of the “globalisation”

Front 7

Core

Back 7

Centralised spaces that control

Front 8

Periphery

Back 8

The outer edges or limits of an area

Front 9

International Economy​

Back 9

Across international borders

Front 10

Global Economy

Back 10

Trades goods by MNCs (Multinational Corporations) via networks of international trade

Front 11

MNC​

Back 11

Multinational Corporation. It generates or increases trade between countries

Front 12

Transnational

Back 12

Interdependent trade

Front 13

Time-Space Convergence

Back 13

Reductions in the time taken for ideas and people to travel. (shrinking world)

Front 14

Distance decay​

Back 14

reduced connections between areas the further they are away from each other. This has reduced because of improvements in transport and increased interaction through ICT which have brought places closer together.

Front 15

The Frictional Decay of Distance​

Back 15

refers to how the further away something is, the less interactions are between the things. It also refers to ‘Distance Decay’.

Front 16

ICT​

Back 16

Information and Communications Technology. These show how the world has ‘shrunk’ because of the ‘digital divide’. People can talk to each other across the world as if they were in the same room without a problem.

Front 17

Developments in Transport Technology​:

Back 17

○ Increased speed and efficiency

○ Decreased cost of development and information across the planet.

Front 18

Network​:

Back 18

An arrangement of connections (points, lines, and spaces)

Front 19

Civil Society

Back 19

The arena of collective action by independent organizations or groups based on shared interests, purposes, and values. Non-government groups or private individuals.

Front 20

Types of Financial flows:

Back 20

Loans, Debt Repayment, Development Aid, remittances, Foreign Direct Investment (FDI), Repatriation of profits

Front 21

World Bank

Back 21

achieving of the MDGs.

The World Bank is criticised for its free market reform policies which may not be the idea of a lending service to 3rd world countries. suitable for the country.

Small group of nation which run it may exploit their own countries

Front 22

● World Trade Organisation (WTO)

Back 22

Deals with the rules of trade on a global or near-global level.

Front 23

● International Monetary Fund (IMF)

Back 23

Created to stabilize international exchange rates Loans are given out to spread income.

Criticised for support military dictators and increasing the taxes in countries which cannot afford to pay