Dimensions Of Globalisation

Question 1

What’s the definition of globalisation

Answer 1

The process of the worlds economies, political systems and cultures become more strongly connected.

Question 2

What’s interdependence

Answer 2

Relying on one another, globalisation is increasing this.

Question 3

Name the types of globalisation

Answer 3

Social, economic, cultural and political

Question 4

Example of social globalisation

Answer 4

Families connect (FaceTime)

Question 5

Example of economic globalisation

Answer 5

TNC’s/goods

Question 6

Example of cultural globalisation

Answer 6

Sharing foods

Question 7

Example of political globalisation

Answer 7

International agreements

Question 8

What’s changed about globalisation

Answer 8

Globalisation has always been around, but the rate at which it’s occurring has increased.

Question 9

What’s flows of globalisation

Answer 9

Movements around the world

Question 10

Name the flows within globalisation

Answer 10

Capital, labour, products, services and information

Question 11

What’s flows of capital

Answer 11

Refers to money for investment, trade or production.

Question 12

What’s a type of investment included in globalisation

Answer 12

FDI-foreign direct investment, repatchment of profits, aid and remittances

Question 13

What’s happened with FDI

Answer 13

There’s been an increase, e.g. in 1996 there was $400b directed into countries/companies, and in 2016, there was $1500b

Question 14

What’s repatriation of profits

Answer 14

TNC’s might invest in a area, but the profits are brought back to the TNC

Question 15

What’s a example of aid

Answer 15

World bank international organisation gives out loans to countries to develop

Question 16

What are remittances

Answer 16

Migrants are moving from one area to work as a economic migrant and are sending money to their families back home.

Question 17

What does movement of labour refer to

Answer 17

People moving around the world as migrants, this can be national or international. International has increased due to globalisation.

Question 18

What do economic migrants do

Answer 18

Send remittances home

Question 19

What does services and information mean

Answer 19

Services= tertiary services- can be high services like banking or low level services like customer services, information relates to data, which can be shared by email internet and social media.

Question 20

What are products

Answer 20

Capital goods- trade, previously between HIC’s. Cheaper production in Asia and NEE’s, which has made the world more connected.

Question 21

What’s global marketing

Answer 21

World is viewed as one market. Global brand-one good sold all over the world I.e. Coca Cola

Question 22

What’s glocalisation

Answer 22

Products that are adapted to suit a certain location, e.g. McDonald’s

Question 23

What was production like the past

Answer 23

Most production occurred in HIC’s due to industrialisation, such as UK and Detroit which specialised in the manufacturing of cars.

Question 24

What was consumerism like in the past

Answer 24

Most consumers were the HIC’s, so products would be manufactured in HIC’s, and HIC’s would once again consume them.

Question 25

What’s pattern of production like now

Answer 25

Most products are produced in LIC’s/NEES such as china due to cheaper labour and deindustrialisation.

Question 26

What’s consumerism like in the present day

Answer 26

HIC’s are the biggest consumers, and some NEE’s such as china as they have a growing middle class, so they buy their own products.

Question 27

What’s production likely to be in the future

Answer 27

US- industries back in the US?, trump wants to make America feat again and become independent.
China invest in Africa?

Question 28

What might consumerism be like in the future

Answer 28

NEE’s have a growing population so they might consume more, as HIC’s are also decreasing. HIC’s want to be more environmentally sustainable, so might consume less.

Question 29

What’s distribution like in the present day

Answer 29

Containerisation