Causes of Globalisation Flashcards

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1
Q

Define Globalisation

A

Globalisation is the process by which the world is becoming increasingly interconnected as a result of massively increased trade and cultural exchange. Globalisation has increased the production of goods and services.

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2
Q

What 4 ways do TNC’s contribute to Globalisation

A

1) Manufacturing by outsourcing to maximise profits
2) Foreign direct investment
3) Improvements in Transport eg just in time production
4) Advances in technology + communication

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3
Q

What 6 main factors accelerate globalisation ?

A

1) Technology/communication
2) Consumer demands
3) Transport
4) Investment: direct,inward
5) Golcalisation
6) TNCs

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4
Q

What are some economic benefits of Globalisation

A

1) Free Trade
2) Free Movement of Labour
3) Increased Investment
4) Greater choice of products

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5
Q

What does Globalisation involve?

A
  • Greater free trade.
  • Greater movement of labour.
  • Increased capital flows.
  • Growth of Multi-national companies.
  • Increased integration of global trade cycle.
  • Increased communication and improved transport
  • Reducing barriers between countries.
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6
Q

What are some negatives of Globalisation

A

1) Free Trade can Harm Developing Economies
2) Environmental Costs (pollution)
3) Less Cultural Diversity (westernisation)
4) Labour exploitation (low wages etc)
5) Two speed world (gap between rich+poor)

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7
Q

How do TNCs grow?

A

1) Motive by maximising profit + controlling costs
2) Means from financial backing eg FDI
3) Mobility by improved transport + communication

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8
Q

What are the 2 case studies of TNCs

A

Disney and Tesco

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