1.1 Globalisation Flashcards
Dimensions of globalisation
Flows of information, technology and capital
Flows of product and labour
Flows of services and global marketing
Patterns of production, distribution an consumption
Flows of information, technology and capital
Electronic money
HICs and NEEs take advantage of LIC’s for cheaper production costs
Internet ignores political boundaries
Culture and politics may be strongly influenced by the internet and social media
Flows of products and labour
High speed rail
International airport hubs
TNC’s mean that people move around for employment
Tourists travel more increased by marketing and low-cost flights
Flows of services and global marketing
Marketing is now globalised and uses international strategies and images
TNC’s use same adverts to advertise products in different parts of the world
Countries like India provide a range of outsourcing (financial IT services for HIC’s)
Patterns of production, distribution and consumption
TNC’s dictate where products are made (where labour costs are cheaper)
Products are distributed around the world to meet the demands of HIC’s and NEE’s
Economic
Trade and aid
TNC’s
Capital flow
Health
Medical advances
Pandemic control
Pharmaceuticals
Political
Trading groups
Governmental and global institutions
NGO’s
Social
Migration
Social networks
Exchange of ideas
Cultural
Homogenisation
Westernisation
Glocalisation (adapting to culture)
Technological
Higher productivity
Communications
Advances in transport
Environmental
Impacts/degradation
New laws passed - ‘green campaign’
Linked by ‘global commons’
Benefits of remittances
Presents a more stable source of income
Affective in alleviating poverty due to being sent directly to families
Negatives of remittances
High transfer charges
