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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
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
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
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.
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
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
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
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
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