Chapter 8: What does it mean to live in a Globalised World? Flashcards

1
Q

Globalisation is …

A

Globalisation is a process through which ideas and activities of people in different parts of the world becomes interconnected leading to greater interdependence.

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2
Q

Three key driving forces of globalisation today are…

A

Growth of MNCs

Developments in Transportation

Advancements in Technology

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3
Q

MNC stands for…

A

Multi-national Corporations - big corporations operating in several countries but is managed from one home country.

Example: Google, Loreal, Yakun, Singtel, Starbucks, MacDonalds

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4
Q

How does growth of MNC cause the pace of globalisation to increase?

A

MNCs such as Starbucks set up stores at various countries in the world - leading to greater interconnections between people and goods.

MNCs provides jobs for the people in these countries and bring in new technology.

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5
Q

How does advance technological advancement in communication helps the pace of globalisation to increase?

A

There is now greater access to the Internet where more information is exchanged and communication allowed!

Example: Video call, Zoom, emails - allows for more exchange of information and communication.

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6
Q

How does development in transportation helps the pace of globalisation to increase?

A

Improvement in size and speed of different mode of transportation has taken place.

Example: Airbus A380 is bigger and faster than old airplanes - allows for more people to travel conveniently and more goods to be transported.

Example: Container ships now can carry more goods and travel at a faster speed. More goods can be transported throughout the world easily.

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