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GLOBAL SYSTEMS AND GLOBAL GOVERNANCE
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13 Terms
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1
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What is globalisation?
the process in which economies, societies and cultures become increasingly integrated around the world
2
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What is the KOF index?
a measurement that covers the economic, social and political dimensions of globalisation
3
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Name two strengths of the KOF index.
data is easily comparable, covers a wide range of areas
4
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Name two weaknesses of the KOF index.
data may be unreliable, small countries can be over-represented
5
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What are the five dimensions / flows of globalisation?
capital, labour, products, services and information
6
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Define flows of capital.
the movement of money for the purpose of investment, trade or business production
7
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Define core regions.
wealthy, developed countries with power
8
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Define peripheral regions.
poor, less developed countries with little power
9
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What are the two global institutions that are related to flows of capital?
the world bank and the IMF
10
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Define flows of labour.
the movement of people who are looking to work in another country
11
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The largest migration movement is from…
Latin America to the USA
12
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A problem with flows of labour is that it can lead to ___ in HICs, as well as __ of immigrants.
overpopulation, exploitation
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