Social Studies Chapter 8

Meaning of Technological Advancements (Both Digital and Transportation.)

Progress in transportation and digital technology that enhances the efficiency and reliability of global movement of goods, services, knowledge, resources, and people.

What is the Growth of Multinational Companies

Expansion of companies operating in multiple countries, leading to increased movement of goods, services, knowledge, resources, and people globally.

What is the Advancements in Transportation

Improvements in speed, capacity, and cost efficiency of transportation modes like trains and container ships, facilitating faster and cheaper global movement of goods.

What is the Advancements in Digital Technology

Progress in communication technology such as mobile phones, enabling faster and cheaper communication globally, enhancing globalization.

How Technological Advancements Increase Globalization

Facilitates efficient and reliable global movement of goods, services, knowledge, resources, people, and capital, expanding market access and increasing income opportunities.

Examples of MNCs

Starbucks as a multinational company sourcing coffee beans globally from over 30 countries , processing them in different countries like United States and India, and distributing products worldwide to 35 000 chains, contributing to the movement of goods and services across borders and people having access to different forms of Starbucks Coffee.

How Growth in MNCs Increases Globalization

Encourages the movement of goods, services, knowledge, resources, and people globally, as employees relocate, consumers seek products from different countries, and distribution networks expand.

Examples of Technological Advancements in Digital Technology.

Back in the 1800s, people used carrier pigeons and letters carried by sea to communicate with each other. This was inconvenient as letters took a few months to arrive or even get lost at sea. However, in the 2000s, with rapid developing technology, we have mobile phones with a range of functions that allows us to communicate with others across different time zones efficiently and reliably.

Examples of Technological Advancements in Transportation.

Back in the 1800s, a conventional train would usually take 6 hours and 40 minutes to travel from Tokyo to Osaka. However, in the 2000s with the invention of Shinkansen Train Network, it allowed for the timing to be shortened to 3 hours and 10 minutes from Tokyo to Osaka.(SPEED)

Back in the 1800s, steam-powered boats were used to transport goods and people. However, because of its large engine and fuel that it has to carry for long trips, it is not able to transport many things at once. However, in the 1950s, with the invention of container ships which can carry up to 600 000 tons depending on its size, it allows for more goods to be transported at once. (CAPACITY & COSTS.)

Back in the 1960s, going on airplanes and taking flights were considered a luxury that only business travelers could afford. However, with the emergence of budget airlines with airplanes that are fuel-efficient and going to airports with cheaper air fares allows for flights to accessible to everyone. (COSTS)