dimensions and factors of globalisation

Question 1

what’s an example of an unequal flow of people?

Answer 1

migrants moving from developing to developed economies for better jobs

Question 2

what’s an example of an unequal flow of money?

Answer 2

remittances - India 2018, $79 billion sent back to India

Question 3

what revolutionary transport has reduced the cost of flows of products?

Answer 3

containerisation

Question 4

what is one example of a flow of service changing due to globalisation because of labour costs?

Answer 4

call centers BT - used to be in UK, moved to India where labour costs are cheaper

Question 5

what speeds up flows of information?

Answer 5

speed of data and communication transfers

Question 6

what’s the difference between dimensions of globalisation and factors in globalisation

Answer 6

dimensions = feature of globalisation like flow of services
factors = what’s made it take off eg. advances in technology

Question 7

how have transport advances sped up globalisation

Answer 7

vehicles more efficient, transport better making travel easier + quicker + safer
airline transport has expanded tourism and trade

Question 8

example of technological advances w 11 people in plane from london -> bangkok

Answer 8

in 1930s, journey took 8 days
2002 - 400 people took 10 hrs

Question 9

how has trade agreements sped up globalisation

Answer 9

trade blocs- countries stimulate trade between themselves, international trade easier no barriers

Question 10

example of trade trilateral trade bloc USMCA

Answer 10

us, mexico, canada

Question 11

what does barriers removed mean in trade blocs

Answer 11

countries don’t have to pay tax

Question 12

what do trade agreements allow (flow of labour)

Answer 12

people move freely w in bloc which increases flows of labour, good and services will follow

Question 13

what have trade agreements resulted in overall

Answer 13

increased trade and interdependence as countries w in trade blocs may rely on each other for produce

Question 14

what are the factors of globalisation

Answer 14

trade agreements, technological advances, transport, security, global financial systems, management + info systems, communications

Question 15

for global finance systems, what has the deregulation of financial markets allowed

Answer 15

relaxing of barriers by government to make movements of finance easier

Question 16

for transport what has containerisation allowed

Answer 16

containers are larger, more efficient and cheaper, 17 mil shipping containers in world

Question 17

for security what does tighter security measures on trading commodities mean

Answer 17

reduces liklihood of theft

Question 18

for management and info systems what has improved transport and coms systems led to

Answer 18

production revolution, transformed how companies manufacture + distribute products

Question 19

for communication in the last 20 yrs what has the significant growth in software resulted in

Answer 19

allows communication from anywhere in the world

Question 20

where was most manufacturing from in 1954

Answer 20

northern america, japan, western europe

Question 21

why did lots of TNCS locate in developing countries

Answer 21

lower labour costs

Question 22

what was the consequence of the global shift of manufacturing from HICS -> LICS

Answer 22

loss of jobs in manufacturing sector, fell by 50%

Question 23

in the developing world what percentage of manufacturing jobs are there

Answer 23

50%