GLOBAL SYSTEMS AND GLOBAL GOVERNANCE

What is globalisation?

the process in which economies, societies and cultures become increasingly integrated around the world

What is the KOF index?

a measurement that covers the economic, social and political dimensions of globalisation

Name two strengths of the KOF index.

data is easily comparable, covers a wide range of areas

Name two weaknesses of the KOF index.

data may be unreliable, small countries can be over-represented

What are the five dimensions / flows of globalisation?

capital, labour, products, services and information

Define flows of capital.

the movement of money for the purpose of investment, trade or business production

Define core regions.

wealthy, developed countries with power

Define peripheral regions.

poor, less developed countries with little power

What are the two global institutions that are related to flows of capital?

the world bank and the IMF

Define flows of labour.

the movement of people who are looking to work in another country

The largest migration movement is from…

Latin America to the USA

A problem with flows of labour is that it can lead to ___ in HICs, as well as __ of immigrants.

overpopulation, exploitation