1.2 Flashcards
What is special about Kolkarta?
- has India’s oldest port
- has the oldest mass transit system
- 3rd biggest city in India
- only city in India with trams
What are the three type of rickshaws?
auto, cycle and hand
transport development and their impacts?
- 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
what did major rivalry lead to?
reduced the time to cross the Atlantic from 26 days to 5 days
when was the electrical telegraph developed and how?
in 1837 and linked the the railway newton by carrying messages and controlling signals
What is the shrinking world theory?
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
the three main flows of globalisation
- trade eg goods, food
- migration eg permanent, tourism
- telecommunications
economic aspect of globalisation
- TNC’s
- money markets
- online trading
social aspects of globalisation
- social networks
- migration and diaspora growth
political aspects of globalisation
- multi-governmental organisations
- democratic movements
cultural aspects of globalisation
- cultural diffusion
- cultural imperialism
- world subcultures
free markets
people compete - division of labour means people specialise
How do free markets help companies?
efficiency -> smaller profit margin -> wealth creation -> capital -> more spending -> growth of economy