Diemensions Of Globalisation Flashcards
1
Q
Factors that promote globalisation (5)
A
- Flow of information
- Flow of labour
- Flow of products
- Flow of capital
- Flow of services
2
Q
What is Flow of services
A
Economic activity that isn’t based around production of goods EG Banking and business
(1970s and 1980 de regulation= easier to do business)
3
Q
What is Flow of information
A
Email/social media/internet instant access of info across the globe
4
Q
What is Flow of labour
A
Movement of workforce. High skilled workers (IT/Medical) move to developed countries for higher wages. = Remittances
5
Q
What is Flow of product
A
Manufacturing now in NEES and LICS= cheaper labour
E.g Dyson in Malaysia
6
Q
What is Flow of capital
A
Investment money in something. Foreign direct investment= improved Due to ICT and online banking
