1.1.1 What globalisation is

Question 1

What is globalisation?

Answer 1

• The increasing integration of economics around the world, particularly through the movement of goods and services and capital across borders.
• There are also broader cultural, political and environmental dimensions of globalisation.

Question 2

Examples of older forms of globalisation.

Answer 2

• Underground telegraphy cables which accelerated business and trade.
• Trade, in 1492 Columbus reached Americas and traded in raw materials from colonies.
• Cooperation, since WW1 ended in 1918 there have been global military organisations.

Question 3

What are the different types of globalisation?

Answer 3

• Cultural.
• Political - dominance in wealth.
• Social - increasing migration.
• Environmental - global agreements.
• Economic - Spread of FDI.

Question 4

What is modern globalisation?

Answer 4

The world becoming more deeply inter-connected such as being able to communicate with people who live far away and being able to travel.

Question 7

What are the types of globalisation?

Answer 7

• Shallow - LIC - Poorest people who are usually isolated from global influence.
• MIC- Local people are still relied on for produce and have global culture differences.
• Deep - HIC - Majority of people consume imported products.

Question 8

What is the idea of a shrinking world?

Answer 8

Developments in technology, communications and transport allow places around the world seem much more accessible than ever before.