Development - globilisation Flashcards

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1
Q

what is globalisation?

A

systems liking all the countries of the world closer together.

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2
Q

what is the impact of globalisation in countries (7):

A

Trade - made trading of commodities easier.

Communication - made bringing countries together easier, sharing of knowledge and relationships

Global governance - regulate global economic activities and minimising environmental damage.

Open borders - freer movement of people, goods and ideas between countries.

Multinational corporations - giant corporations that control the worlds natural resources.

Economic growth - overall countries economies have improved, some more than others.

Migration - more people are being employed in a global workforce rate.

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3
Q

what are some cons of globalisation (6)?

A
  • loss of family ties
  • cultural uniformity, everyone starts being the same
  • can negatively affect peoples live due to unemployment, low wages and worsening of environment.
  • trade is still controlled by quotas benefiting richer countries
  • more environmental and ecological damage.
  • enables diseases to spread much easier.
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