end of topic test- globalisation, TNC, etc

Question 1

four main global flows

Answer 1

-commodities
-information
-tourists
-migrants

Question 2

example of economic globalisation

Answer 2

-FDI
-TNC

Question 3

example of social globalisation

Answer 3

-international migration
-social interconnectivity

Question 4

example of cultural globalisation

Answer 4

-Americanisation
-glocalisation

Question 5

links between transport developments and a spatial division of labour

Answer 5

-multiple production site
- cheap transport
-cheap labour
-access to resources.

Question 6

ICT innovations that are important today

Answer 6

-Mobile phone(without need for telephone lines)
-broadband(internet connection e.g. WiFi)
-internet (social and business)

Question 7

four types of FDI

Answer 7

-offshoring
-foreign mergers
-foreign acquisitions
-joint venture

Question 8

difference between foreign mergers and acquisitions

Answer 8

merger is when companies combine acquisition is where one company purchases the other

Question 9

what is free-market liberalisation and why does it promote globalisation

Answer 9

-reducing government intervention in the economy
-promote policies that emphasize free trade, competition, and private enterprise.
-Attract Foreign Investment, Global Integration and Enhance Consumer Choice

Question 10

ASEAN

Answer 10

-Association of Southeast Asian Nations.
- intergovernmental organization which aims to promote economic growth, political stability, and cultural cooperation e.g. Indonesia, Singapore and Vietnam

Question 11

why is it is difficult to measure the distribution of globalisation

Answer 11

-Globalisation is a multi-faceted process
-cannot always be assessed by a single measure and data may not be available in all countries

Question 12

why is globalisation uneven

Answer 12

-spatial variation in level of development
-availability of resources
-labour costs
-government policies, etc

Question 13

what is the GPN

Answer 13

-A chain of connected suppliers of parts and materials that contribute to the manufacture or assembly of consumer goods e.g. network involved in production of BMW mini

Question 14

how TNCs contribute to globalisation

Answer 14

-Setting up production networks and chains
-glocalisation
-generate global trade

Question 15

whats economic restructuring

Answer 15

-economies moving from a blue collar to white collar

Question 16

what have developed countries gained from global shift

Answer 16

-lower manufacturing costs
-redeployment of capital
-development of tertiary sector