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What Is Globalisation
The becoming more connected through increasing connections through trade, flow of money, ideas and technology
How Is The World Doing Globalisation
through more connections in transport (Boeing 786), from train to flight, and more TNCs driving investment
3 International Organisations
World Bank
International Monetary Fund (IMF)
World Trade Organisation
What Does The World Bank Do
lend money and give grants to developing nations
facilitate FDI
What does the World Trade Organization do?
an organisation that works to reduce trade barriers and create free trade
What Does The International Monetary Fund (IMF) Do
stabilise international financial systems
provide short term loans
promote free trade
recipients must adjust to the wants of IMF, these being opening up the economy to FDI
What Is A Trade Bloc
an agreement where the flows of goods, money and workers and flow national barriers freely
Benefits of a trade bloc
removes international tariffs
market growth Tesco gained access to 75m extra customers in 2004
Examples of a trade bloc
NAFTA - national American federal trade assoication across all of usa, canada and mexico
EU
ASEAN
What is a SEZ and where is is done
a special economic zone is a place where imports and exports can be done with reduced tariffs
done in china
How can china develop global hubs
politically stable
stable currency
cheap skilled labour
how can india develop global hubs
High internet bandwidth
technical skills
high tech
what does switched on mean
places that are connected globally e.g china
what does switched off mean
places that do not connect globally or are not developed e.g north korea
How can you measure globalisation
AT kearney index
KOF index
what does the AT kearney index measure pros/cons
political engagement, technological connectivity, personal contact, economic integration
pros - covers 84% of population
cons - only considers 64 countries
what does the KOF index measure pros/cons
social globalisation - tourism
economic globalisation - trade FDI
political engagement - international organisations
pros - wide range of data, good for comparison
cons - bias to better places, does not consider informal economies
what is a tnc example
trans national corporation, companies that have operations in more than one place
e.g disney
what is glocalisation
changing the design of a product to suit local tastes
what is global shift and where has it happened
movement of employment sectors (mainly manufacturing) from the west to the east e.g global shift to china
impact of global shift
social
loss of jobs from senders
more pollution at receivers e.g 70% of china's lakes polluted
what is de industrialisation
The decline in the manufacturing industry
where in the UK has de industrialisation occurred badly
leicester
impact of de industrialisation on leicester
population decline
29% of families low income - average house price £250,000
low education rates
what is a mega city
a city with a population over 10million
what is a world city
a city with major political and economic power e.g paris or chad
what is a global hub
switched on places possessing great qualities that make places want to connect with them
what factors make a global hub attractive
physical factors human resources
coast access skilled workforce
resources good services
3 types of population movement
elite international - celebrities
low wage international - cheap labour
internal - rural to urban
what is cultural imperialism
imposing ones culture on others deliberately, creating a global culture, this is done by TNCs
what is cultural diffusion
the spread of cultural beliefs and social activities from one group to another
impact of cultural diffusion on Cuba
loss of Cubas food, music, culture, loss of identity
what is westernisation
the spread of western culture to the east
what is global culture
worldwide culture shared based on western ideals
what is democracy
a society where everyone can vote
cultural impact on Papua new gineu
839 languages, 1000+ cultures, loss of tribes, hard for tncs due to many languages spoken there,
how to measure inequality in a society
lorenz curve, gini co-efficient
how has globalisation created inequality in tanzania
economic - 60% work in agriculture, gini of 0.39
socio-political - investment focused at coastal places, urban areas better access to hospitals, gender inequality for women, underrepresentation
environmental - food problems, rising population, mass deforestation, energy consumption
how can a place stop globalisation
censorship, trade protectionism, migration limits
where has censorship happened
china - great fire wall stopping Chinese citizens accessing the general internet, preserves Chinese culture
what is trade protectionism
policy that restricts imports from other countries, through tariffs, quotas, restricting FDI
how does north korea stop globalisation
through censorship and migration
gov ran products, strict laws, seen politically and physically strong globally, trade very limited but started with south korea.
japan immigration laws
ssw1, ssw2, these allowed permanent settlement, japan are selective with migration, as a result, advanced workforce
uk immigration laws
pre brexit, no need for a visa when to a country in the EU
post brexit, now need a visa to work in the uk
transition town example
Totnes, they do this by localism, reusing items, sustainable transport, grow own food, reduce carbon emissions, improve health, social empowerment, but local focus, lack of finance and volunteer ran, resource scarcity.