2.5 Consequences of global systems Flashcards
What is a quote about global systems
“Globalisation will make society more creative an prosperous but also more vulnerable” NATO general
Who mostly benefit from global systems
TNC’s / international organisations
NIE’s
Trading blocs
What are the economic benefits of global systems for regular people
1.Low price of items
2. Creation of jobs
What are the economic benefits of global systems for TNC’s
Access to…
1. Large wealthy markets
2. Cheap materials
3. Economies of scale
4. Competition = innovation
What are the economic disadvantages of global systems for regular people
- Left to pick up the pieces in a financial crisis
- Producers not paid enough
What are the economic disadvantages of global systems for TNC’s
- Developing business can’t compete
- Tariffs and trade wars
- ECONOMIC INTERDEPENDENCE
Why is economic interdependence a serious issue (provide example)
Negative economic shock in one country quickly spreads to another such as the 2008-2009 global financial crisis and Somalias remittance payments
What are the social advantages of global systems
- More selection of items (food etc)
- More culturally tolerant
- Increased awareness of global news
What are the social disadvantages of global systems
- Workers being exploited
- CULTURAL HOMOGENY with one corporate identity
- Global news used for terrorism
What are the environmental advantages of global systems
1.Increased awareness of global news
2. CLIMATE CONFERENCES as dealing with the problem together is better than individually
What are the environmental disadvantages of global systems
- More transport and CO2
- Depletion of finite resources
- Packaging and Waste pollution
- Invasive species
Give some stats to back up the environmental disadvantages of global systems
- 40,000 UK people die each year from air pollution
- 80% of UK waste goes to Chengdu and oceans covered in plastic
- in UK Grey squirrels killed red ones
