Globalisation Unit Two

Globalization

The increased interconnection and interdependence of people ad countries resulting from the expanding integration of trade, finance people and ideas in one global marketplace. advancements in technology communication science transport and industry have accelerated the pace of this integration over time.

Diffusion

The transfer of dispersal of cultural elements from one group of people to another group of people.

Adaption

Alteration or adjustment in response to a changed environment or adapting to a changing enviroment.

Sustainability

Meeting the needs of current and future generations through simultaneous environment social and economic adaptations and improvements.

Commodities

Raw materials or basic products that are the same no matter who produces them. ( such as gold wheat oil and coal)

Goods

A commodity or physical item that satisfies some human want or need or something that people find useful or desirable and make an effort to require it. ( clothes books food phones)

Services

Are jobs or activities where a person helps someone else or provides support without the application of a physical object services are not objects but can still satisfy human needs and wants. ( haircuts, teaching, banking, workers)

Interdependence

Refers to the alliance between entities either individual s groups or organizations this means that needs are reaches through functions of multiple entities.

Telecommunication technology

Technologies that enable transmission of information over distances. Using technological systems such as internet satellites wireless networks mobile networks telephone lines. influence global connections and communication across temporal and spatial distribution.

Oligarch

People who are wealthy usually from crime activity billions of dollars usually connected between multiple illegal actions. Most commonly used is cyber criminals. Most significant is drug trade internationally which creates great harm to the stability of the global economy.

Interconnection

The way different people things or systems are linked or joined together. This is done through trade, travel, and the internet.

Globalization example

A powerful force that has been accelerating over time. As telecommunication and technology increases the relationship between countries strengthens. if the worlds ten most profitable companies were combined they would be the thirst wealthiest country based on gross domestic product known as GDP with a combined market capitalism of $8.8 trillion in 2020

Diffusion

the process of diffusion can be seen with increasing global internet coverage. Includes social media coverage and other platforms. An example of this movement can be seen through the black lives matter movement this originated in America in 2013. This black lives matter movement triggered a series of global protests and marches across the world.

Relocation Diffusion

People move and carry ideas or products with them

Herachical diffusion

Spread through levels of power and or importance

Contagious Diffusion

Rapid widespread among people

Stimulus Diffusion

The core idea spreads but the specific trait changes

Reversed Diffusion

The spread begins t=in small less influenced places and moves upward to larger more important areas

transnational

A company that operates over multiple countries which does not have a specific location for their main headquarters which makes main decisions regarding the company. Decisions are made over multiple headquarters in different countries.

Outsourcing

obtain (goods or a service) from an outside or foreign supplier, especially in place of an internal source.

multinational

A corporation that engages in worldwide business but does not Have multiple Headquarters and Is run In a singular country.