human globalisation

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Last updated 11:09 AM on 5/21/26
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9 Terms

1
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the world bank

  • works to promote economic stability and reduce poverty in low and middle income countries

  • 189 countries are part of this

  • gives loans and grants, depends ont eh situation whether this has been be given back. often is a no interest loan etc to help countries in debt

2
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1978 open door policy

  • a policy that helped to draw the country out of economic isolation

  • created Special Economic Zones that would help attract companies to invest and take advantage of the cheap labour in order to modernise the country

  • this consequently helped lead to the global shift

  • as a result of the open door policy, the Chinese invested in airports surrounding the cities

  • helped create thousands of jobs and led millions to be lifted out of poverty and into the growing middle class

3
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mc donalds

  • adapts their menus to the location - glocalisation

  • in india mainly veggie menu, incororating local dishes

  • takes revenue away from the local street vendors

4
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shrinking world effect

  • where the world feels smaller due to the growing connectedness of the world through technology, transport and commodities.

  • developments in this such as container ships, strengthening wifi connections and aircraft carriers has helped this

  • led to the growing connectiveness of differing cultures and shared experiences.

5
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EU

  • a group of 27 member states that have shared benefits such as less restrictions on trade, free movement within countries

  • creation of a single market for the countries

6
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ASEAN

  • east asian trade bloc

  • aims to accelerate economic growth, social progress and regional peace

  • china is not a part of this depsite its impact on these countries

  • 5th largest economy in the world

7
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BT

  • moved their call centres to India

  • provides local jobs and also allows people to become fluent in english, allowing them to emmigrate more easily

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Shell

  • can be argued that thye are violating human rights in the nile delta as a result of their operations there - made accesible through globalisation

  • chronic oil pollution of water sources

  • complicit in state sanctioned violence

9
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WTO

  • the world trade organisation

  • main aim is to ensure that trade flows freely and smoothy

  • also regulates this by providing a legal framework that negotiations can take place through