3.2.1.1: Globalisation

Question 1

Give examples of political globalisation

Answer 1

• Involvement of WTO, WB and IMF in the international economy
• Growth of trading blocs and international agreements such as the EU and NAFTS

Question 2

What is glocalisation an example of and give an example of it

Answer 2

Cultural globalisation - mcdonalds

Question 3

How has FDI changed ?

Answer 3

In 1996 $400b invested globally, in 2016 $1500b

Question 4

How many international migrants were there in 2020 ?

Answer 4

281million

Question 5

Give a statistic about remittances

Answer 5

25% of Nepal’s GDP in 2014 came from remittances from people working in the Gulf

Question 6

What are the 4 types of globalisation ?

Answer 6

Social, economic, political and cultural

Question 7

What are the dimensions of globalisation ?

Answer 7

Flows of capital, labour, products, services and information; global
marketing; patterns of production, distribution and consumption

Question 8

What are the factors in globalisation ?

Answer 8

The development of technologies, systems and relationships, including
financial, transport, security, communications, management and information systems and trade
agreements.

Question 9

When was the Nepal remittance crisis ?

Answer 9

2012

Question 10

When was the deregulation of the financial markets ?

Answer 10

1980s

Question 11

Where were BT call centres moved to ?

Answer 11

Bangalore

Question 12

What % of global goods did china produce in 2018 ?

Answer 12

28%

Question 13

Give a statistic for the previous patterns of production globally

Answer 13

95% of manufacturing in economies of Western Europe, North America and Japan

Question 14

How many jobs were lost in Mexico due to NAFTA ?

Answer 14

1.3 million agricultural jobs

Question 15

Where is silicon valley ?

Answer 15

North California

Question 16

How many internet users are there ?

Answer 16

Over 5 billion

Question 17

Give an example of a non-regional trade agreement

Answer 17

OPEC ( south america and africa for petrol exports)

Question 18

Give an example of a recent trade agreement

Answer 18

UK-New Zealand free trade agreement (February 2022)

Question 19

What is the example of deglobalisation ?

Answer 19

BREXIT

Question 20

When was NAFTA signed ?

Answer 20

1994

Question 21

Give 2 statistics about the world bank

Answer 21

• Contains 185 member countries
• Helped stabilise Brazilin 1990s financial crisis

Question 22

When were satellites first used ?

Answer 22

1960s

Question 23

How much lower are labour costs in India compared to UK ?

Answer 23

10-20%

Question 24

How much did employment in manufacturing fall by in 30 years ?

Answer 24

50%

Question 25

What % of manufacturing jobs are located in the developing world

Answer 25

Over 50%

Question 26

What initiatives were launched to alleviate supply chain threats in security ?

Answer 26

World customs organisation (WCO) and EU initiative on a more regional scale

Question 27

Give 2 statistics to support the success of NAFTA

Answer 27

Trade between countries tripled between 1993 and 2007 and 500000 Mexican manufacturing jobs created (low wage though)