1.1 London Flashcards
What type of hub is london
Finance (LSE)
Migration (Heathrow)
Media Hub (BBC)
i-Hub (Silicon roundabout)
What does globalisation do to connections and why
Makes them wider - new links between places that are further distances apart
Makes them deeper - more people connect with far away places (cheaper travel, commodities)
What things flow in globalisation
People (migrants, tourists)
Goods/commodities
Capital (money)
Information (ideas, culture, music)
Means of flow in globalisation
Trains, planes, cars, cargo, container shipping, fibre optics , social media
Examples of cargo
World cargo centre
Example of of fibre optics
Use of submarine cables
Example of airline
British airways
5 main drivers of globalisation
Mobile phones Internet Social networking Electronic banking Fibre optics
What do businesses need to do in order to be successful
Know competition
Some regions are riskier than others
Adapt to digital market
Adapt to local market