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GP2 - Globalisation > EQ1 > Flashcards

EQ1 Flashcards

1
Q

What are the 4 types of globalisation?

A
  • economic
  • political
  • cultural
  • social
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2
Q

What is Interdependence?

A

The reliance countries have on each other

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3
Q

Examples of advancements in the 19th and 20th centuries

A
  • Steam Power
  • Jet engines
  • Containerisation
  • Telegraph
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4
Q

How many containers are moved each year?

A

200 million

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5
Q

When were telegraph cables under the Atlantic laid?

A

1860s

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6
Q

Examples of advancements made in the 21st century

A
  • Mobile phones
    -Broadband
  • Fibre Optics
  • GPS
  • Internet
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7
Q

How much did EasyJets passenger numbers increase by from 199-2000?

A

1996 - 30,000
2000 - 6 million

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8
Q

What is EasyJet’s revenue?

A

£4 billion

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9
Q

How many passengers does Easy Jet carry each year?

A

More than 65 million

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10
Q

What are the 5 types of flow?

A
  1. Capital
  2. Labour
  3. Products
  4. Services
  5. Information
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11
Q

What is a protectionist - give an example

A

Someone who wants to reduce the trade their country does with other nations e.g Kim Jong Un

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12
Q

What does free trade involve?

A

No taxes, no tariffs, no quotas, an increase in overall trade volume

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13
Q

Name 3 NGOs

A

World Bank
World Trade Organisation
International Monetary Fund

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14
Q

How much did the world bank lend the Philippines in 2014?

A

$470 million

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15
Q

In 2010 how much did China loan to support other nations?

A

$110 billion - more than the world bank

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16
Q

What are the aims of the World Trade Organisation?

A

Create free trade and remove tariffs

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17
Q

What are the aims of the IMF?

A

Promote free trade and globalisation, whilst also aiming to create a stable international finance system

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18
Q

Which country recived IMF loans in 2008? How much were they given?

A

Greece
Given €30 billion as part of a €110 joint EU-IMF loan

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19
Q

Give some examples of Trade Blocs

A
  • NAFTA - North American Free Trade Market Agreement
  • European Union
  • Arab League
  • ASEAN Free Trade Agreement
20
Q

Features of the EU

A
  • 27 members
  • Population of over 500 million
  • 19 use the Euro
  • Integrated policy ideas e.g. Common Agricultural policy which gives support when a countries GDP is less than 75% of EU average
21
Q

When was the EU formed?

A
  • Originally the EEC (European Economic Community)
  • Founded in 1957 following the Treaty of Rome
22
Q

Features of ASEAN Free Trade Area Agreement

A
  • 10 members
  • 625 million population
  • Uniform tariffs adopted in 2015
  • Goal to create a single market
  • 3rd largest economy in Asia or 5th globally
23
Q

When did ASEAN agree to remain free from nuclear wepons?

A

1995

24
Q

Disadvantages of Trade Blocs

A
  • Trade distortion
  • Cultural Erosion
  • ST unemployment
  • Sovereignty Loss
25
Q

What three things do national governments do?

A
  1. Free Market Liberalisation
  2. Privatisation
  3. Encourage Private business start ups
26
Q

When did China announce the open Door Policy? Who was China’s chairman?

A

1978
Deng Xiaoping

27
Q

What did China’s imports soar from following the Open Door Policy.

A

$ 2 billion to $ 200 billion

28
Q

When did China join the WTO, how much does FDI does it receive each year?

A

2001
$60 billlion FDI each year

29
Q

How does China limit Cultural Erosion?

A

Only foreign films can be screened each year in Cinemas

30
Q

Give an exmaple of China restricting FDI

A

Coca Cola blocked from purchasing Huiyan Juice in 2008

31
Q

Which two indices can be used to measure globalisation?

A
  • KOF index
  • AT Kearney Index
32
Q

KOF Index

A

A scale of 1-100 based on political, economic and social factors.

33
Q

AT Kearney Index

A

Measured globalised cities, considering economic regulation, personal contacts, tech activity and political engagement.

34
Q

What is North Korea’s own internet called?

A

Kwangmyong

35
Q

Which sites did North Korea officially block in 2016?

A

Facebook, Twitter and Youtube

36
Q

Which country in the Sahel is growing?

A

Nigeria

37
Q

How much did Nigeria’s economy grow by annually on average between 2000-2014?

A

7%

38
Q

What is Glocalisation?

A

TNC’s adapting their products to suit local markets

39
Q

Give an example of Glocalisation

A
  • In China Cabury’s chocolate and Oreo’s are sweeter
  • In Asia noodles, chicken and rice are also served in Mc Donalds
  • Vegetarian Mc Donalds in India to suit Hindu and Sikh markets
40
Q

How many countries have Mc Donalds? How many restaurants and people served each day?

A

118 countries
34,000 restaurants
69 million served each day

41
Q

What is Offshoring?

A

Moving part of a countries manufacturing process to another country

42
Q

What nickname does China have?

A

‘Workshop of the World’

43
Q

How many years has China’s life expectancy reduced to due to air pollution?

A

5 years lower

44
Q

What is Outsourcing?

A

One firm contracting another to carry out part of its’s work

45
Q

Give an example of Outsourcing

A

Infosys, a US call centre, based in Bangalore makes profits of $9 billion each year

GP2 - Globalisation (1 decks)

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