1.2 Flashcards

1
Q

What is special about Kolkarta?

A
  • has India’s oldest port
  • has the oldest mass transit system
  • 3rd biggest city in India
  • only city in India with trams
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2
Q

What are the three type of rickshaws?

A

auto, cycle and hand

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3
Q

transport development and their impacts?

A
  • steam/ sailing ships made it easier to cross the Atlantic
  • container ships made it trade of manufactured goods cheaper (90% of non-bulk goods)
  • aeroplanes made it possible to travel quicker eg Easyjet
  • high speed railway networks create cheap and easy access eg Eurostar
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4
Q

what did major rivalry lead to?

A

reduced the time to cross the Atlantic from 26 days to 5 days

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5
Q

when was the electrical telegraph developed and how?

A

in 1837 and linked the the railway newton by carrying messages and controlling signals

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6
Q

What is the shrinking world theory?

A

development in communication and transport have reduced the importance of distance which has aided globalisation as interconnections have increased eg reduced costs of shipping, flying

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7
Q

the three main flows of globalisation

A
  1. trade eg goods, food
  2. migration eg permanent, tourism
  3. telecommunications
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8
Q

economic aspect of globalisation

A
  • TNC’s
  • money markets
  • online trading
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9
Q

social aspects of globalisation

A
  • social networks

- migration and diaspora growth

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10
Q

political aspects of globalisation

A
  • multi-governmental organisations

- democratic movements

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11
Q

cultural aspects of globalisation

A
  • cultural diffusion
  • cultural imperialism
  • world subcultures
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12
Q

free markets

A

people compete - division of labour means people specialise

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13
Q

How do free markets help companies?

A

efficiency -> smaller profit margin -> wealth creation -> capital -> more spending -> growth of economy

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