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What are the 4 types of flows
capital, commodities, information and tourists / migrants
What is economic globalisation
increasing integration and interdependent of economies across the world. Eg. TNCs
What is political globalisation
growth of free table blocs, free trade agreements and global organisations, and the emergence of inter-governmental organisations. Eg. UN / World Bank
What is social globalisation
how population structures have changed as a result of changes to the population's characteristics due to migration, immigration, and emigration, eg. Social networking
What is cultural globalisation
transmission of ideas, meanings and values around the world in such a way as to extend social relations, eg. Media through BBC
When was the first McDonald's opened?
1940
What year was McDonald's franchised?
1953
When was the first McD's opened outside the US (in Canada)
1967
What year did the 1000th McD's open?
1968
When was the first European McD's opened? (In Netherlands)
1971
When was the first UK McDs opened? (London)
1974
When was the first African McD's opened? (Morocco)
1992
What is environmental globalisation
refers to a holistic approach to natural problems and issues like climate change which requires a global response, creating interdependence. Eg. 2015 Paris agreement
Name an example of environmental globalisation
WWF Earth Hour
When was WWF earth hour
March 2016
How many countries took place in WWF earth hour
178
How many times has gangnam style been viewed
4 billion
Name an example of political globalisation
Comensa
Name a benefit of remittances
Contributes more than 3x of the amount of aid received globally
How many countries is Blue Planet 2 in
50
What is the blue planet effect
People have become more environmentally conscious
What does the deepening of connections mean
number and type increasing
What does widening and faster connections mean
linking to new places and reducing the time it takes to make these connections
What transport developments have there been
railways, telegraphs and steam ships
How has steam ships accelerated globalisation
19th century steam power paved way for railways and steam ships. Eg triple expansion steam engine, replaced sailing ships and increasing speed and cargo capacity
How did the telegraph accelerate globalisation
1860s first telegraph pole enabled instant communications and revolutionised how business was conducted, replaced 3 week boat journey
What transport developments have there been in the 20th century
containerisation and jet aircraft
How did containerisation accelerate globalisation
allowed transport to be cheaper and greater quantities due to economies of scale, now 95% goods carried in container ships, cost of transporting an iphone is less than a pound. 320% increase in bilateral trade in first 5 year
How has transport accelerated political globalisation?
Ability to have meetings eg EU, UN
How has transport accelerated cultural globalisation
Tourism, (awareness and adaptation), migration
How has transport accelerated environmental globalisation
Contributes to EGE means needs for global solution
What has the shipping cost in the UK decreased to
30% to less than 1%
When was the container invented
1956 malcom maclean
How many docks were there in the UK in 1966?
129,000
How many docks were left in the UK in 1996?
11,000
How much of the UK's cargo enters via Felixstowe?
48%
How has jet aircraft accelerated globalisation
1960s jet aircraft cut transport times and lowered cost of international travel, eg, boeing 747 jet in 1960s carried 500 passengers at 900km an hour
How many outbound trips did Air Asia have in 2014?
120 million
How many passengers are in the sky at any one moment?
1 million
How have ICT communications accelerated globalisation
mobile phones, internet, social networking, e banking + fibre optic
How have mobile phones accelerated globalisation
most common item in 21st century, extended information flows to new locations and enables faster communications
How have the internet nad fibre optic accelerated globalisation.
internet access for 50% of world pop. And enabled social network platforms like 'X' formerly twitter and also fibre optic created broadband and large amounts of data to be transferred very quickly
When was the World Wide Web created?
1991
When was the first tweet sent?
2006
When was the first email sent?
1971
When was the first TV built
1926
When did Facebook launch?
2004
When was the first telegram sent?
1844
When was Google founded?
1996
When was the first mobile phone launched?
1973
When was the first YouTube video posted?
2005
When was the first telephone call made?
1876
In 2013, what was the volume of foreign exchange daily?
US$5 trillion
What was the global GDP in 2015?
US$80 trillion
What fraction of global GDP is created by agricultural and industrial commodities?
1/3
How many Facebook users were there in 2015?
1.5 billion
Where is the internet's information stored?
Server farms e.g Microsoft Data Centre
How many km of flexible undersea cables carry the worlds data
1 million km
How many facebook likes are registered each day (2014)
5 billion, allows ppl to communicate instantly and without charge
Name 3 ways the internet has accelerated economic globalisation (^ increase)
Global finance, online retail, global business communication
Name an example of global finance
Stock market
Name 2 ways the internet has accelerated political globalisation
Political campaigns, online meetings
Name 2 ways the internet has accelerated cultural globalisation
Social media, spread of language
How has internet has accelerated environmental globalisation
Awareness and campaigns
Name a response to a Greenpeace campaign
Lego ended cooperation with shell
When was the container invented
1956
What % of Uk goods enter via container
90%
How has containerisation accelerated economic globalisation
Least cost location enables special division of labour + lowering the costs of trade containerisation has encouraged specialisation and the expansion of global supply chains
How has containerisation accelerated political globalisation
Increase trade, increase political relations
How has containerisation accelerated cultural globalisation
Homogenised products, ports standardised (architecture), cultural products sold worldwide
How has containerisation accelerated environmental globalisation
Increase CO2 from shipping, polluted waters, need global solution
How has the world bank promoted FDI and free trade
provides loans, grants and helps countries develop economically and tackle poverty
When was the WTO founded?
1995
What group of institutions is the WTO part of?
Bretton Woods Institutions
What % of the world's trade is represented by the WTO?
97%
How many countries are in the EU
27 (including UK)
How has the WTO promoted free trade and FDI
regulates global trade upon the signing of GATT.
What was the role of the IMF
supports countries that get into financial difficulties so they can continue to participate in global trade and keep monetary systems safe
What are the two measures of globalisation
KOF and AT Kearney
Whats the advantages of the KOF index
first published 2002, dates back to 1970, uses wide range of date such as UN peacekeeping operations / tv ownership %
Name some disadvantages of the KOF index
outdated indicators due to technological development such and discrepancies in the informal economy and lack of environmental factors + only for 122 countries as of 2023
Name an advantage of the AT Kearney index
2008 first published, aims to look at how they cope with shrinking world, ranks them according to business activity, culture and political engagement, eg also number of museums, more holistic
Name a disadvantage of the AT Kearney index
only for 153 countries vs 195 total
How do trade blocks accelerate globalisation
intergovernmental agreements reduce barriers to trade and there increased interdependence on each other
What are advantages of trade blocs
larger markets to sell to and bigger markets offer no extra taxes, or they are cheap
What are disadvantages of trade blocs
loss of sovereignty, interdependence and forces compromises
Name 2 trade blocks
EU and ASEAN
How many people live in ASEAN's member states
625 million
How does free market liberalism accelerate globalisation
involves promotion of free market and reducing gov. intervention, belief that gov interventions in markets would hinder economic growth and dev. In the long term.
What are special economic zones and whats their effect
SEZs = larhge areas of land set aside by governments for international trade with lower regulations such as lower taxes.
Name an example of an SEZ
Jakarta Export Zone 1960s
When was China's open door policy?
1978
What is the annual GDP growth of China?
10%
Name an SEZ
Shanghai Economic zone
What does a land reform mean
Farmers can make a profit for the first time due to privatisation
China is the leading exporter of goods, how much is it worth?
2.3 trillion US$
What happened to the poverty rate of Taiwan in 10 years?
It halfed
What did exports increase to in from 1980 to 2000 in taiwan
went to $2 billion to $200 billion
How much fdi does china receive a year
$135 billon
How much has quality of life increased by
25%