1.2 Postcolonial Rickshaws Flashcards
Railways
Railway networks have grown and become highly relied on by almost all countries.
Telegraph
Provides instantaneous connectivity across the world.
Steam Ships
More effortless and quicker to cross the Atlantic - easier to export more goods at one time.
Jet Aircraft
Quicker and easier to travel people around the world.
Containerisation
Goods can be unloaded/loaded faster, lowering transportation cost and increasing speed.
Shrinking World
Idea that as technology and globalisation increases, the world shrinks quicker because of how fast people can travel and contact others.
Factors Behind Accelerated Globalisation
TNCs Fibre-Optic Cables Telegraph Developing Countries Low-Cost Airlines Container Shipping High-Speed Railways Steam Ships Jet Aircraft
WTO
World Trade Organisation - They want trade liberalisation for goods and for countries
World Bank
Lend money and give international grants
IMF
Channel loans from richer countries to poorer, but agree to run free market economics, meaning a cut on general cost on healthcare, education….