3.1 Process Of Globalisation Flashcards
Define globalisation
The widening and deepening of global connections, interdependence and flows due to advancements in technology and transport
5 main flows of globalisation - what is capital
- money
- flows daily through global stock markets
5 main flows of globalisation - what are commodities
- things that are sold
- eg value raw goods or manufactured goods
5 main flows of globalisation - what is information
- real time communication between distant places
- it is stored in server farms
- eg e-commerce and the internet
5 main flows of globalisation - what is migration
- permanent movement of people
- most restricted global flow
- due to border control and immigration laws
- Brain drain vs brain gain
- remittances
5 main flows of globalisation - what is tourism
- quicker and cheaper due to improvement in air travel and budget airlines
- emerging nations are the biggest spenders on international travel due to more disposable income
How did transport develop in the 19th and 20th century - steam power
steam ships and trains moved goods and armies along trade routes
How did transport develop in the 19th and 20th century - railways
- expanded in the Industrial Revolution but speed was limited
- still hugely important for transport of goods add people
- eg HS2
How did transport develop in the 19th and 20th century - jet aircraft
intercontinental travel made easier with budget airlines in the 1960s
How did transport develop in the 19th and 20th century - container ships
- containerisation increases speed at a lower cost
- backbone of global economy since 1950s
- leads to spatial division of labour due to TNCs being based in emerging countries and selling goods in developed ones
- 13% of world trade passes through the Suez Canal
What is the shrinking world effect
- places take less time to reach due to developments in technology
- far away places feel closer
- 6 degrees of separation means that any person can reach any other person in six or less people
How did transport develop in the 21st century - telephone and telegraph
Communicate over long distances in real time rather the waiting weeks
How did transport develop in the 21st century - broadband and fibre optics
Large amounts of data are carried across the ocean floor by fibre optic cables
- reduces cost of communication
- mostly owned by TNCs or governments
- eg Google own 9%
How did transport develop in the 21st century - GIS and GPS
Satellites broadcast position and time data continuously all over the world
How did transport develop in the 21st century - internet and social networking
- Connects people and place across the world in real time
- speeds up business between countries