at physical social economic and political factors can lead to a country / region being either switched on or switched off to globalisation? Flashcards
Physical factors
Access to transportation infrastructure (airports, seaports, roads)
Social factors
Education and skill levels of the population
Economic factors
Income levels, level of foreign investment
Political factors
Government policies, political stability
Natural resource endowment
(e.g. oil, minerals, arable land)
Availability of technology and communications infrastructure
Availability of technology and communications infrastructure can allow for the transfer of many flows of globalisatoin such as media, business, capita etc
Workforce size and quality
e.g if country has a poor workforce, TNC’s wont want to set up there which can restrict their flows of globalisation
Market size and competition
Countries could have neighbouring countries which are more experienced in trading or selling goods, which can make it hard for them to develop globally, especially if theyre landlocked
Historical and cultural ties with other countries
If a smaller country has good relationships with bigger countries, it can lead to good trade links and can lead to the smaller country being mroe gloablised and swtiched on
Level of corruption and ease of doing business
Corrupted governements could mean that a country is switched on to globalisation, but only the richer side of the country or the people who run teh country, such as North kOrea kim jong un
Natural disasters and environmental hazards
can lead to less development meaning theyure swtiched off
Market demand for local goods and services
country has good market demand for their goods means more trade links and can develop faster leading to them being swithced on
