Driving Forces of Globalisation Flashcards
How does technological developments in transportation drive globalisation?
Aircraft technology has improved significantly over the last few decades. In 1950, flying was considered a luxury experience for a selected few. Today, with the rise of low-cost airlines, the cost of flights have decreased substantially and more people can afford air travel. -> reduced the time taken for travel and increased the capacity of the aircraft so that more people and goods can be transported at once. This ease of movement has led to increased activities between countries and to more interconnections and interdependence between the countries.
How does technological developments in digital technology drive globalisation?
The invention of computers and the internet has significantly improved long distance communications. Together with the introduction of smartphones, people are now able to communicate with others across time zones instantaneously regardless of distance. This has made the world more interconnected and interdependent as any information from one part of the world can be easily shared with another part of the world which can even impact one another.
How does the growth of multinational companies drive globalisation?
Starbucks is the largest coffee chain in the world today. It sources beans from more than 30 countries, roasts and ships them to over 35000 stores around the world. The global span of Starbucks operations play a crucial role in the transfer of technology and knowledge across borders. Through their global operations, they introduce advanced technologies, production methods, and management practices to different countries, fostering innovation and development.
