Factors affecting globalisation

Question 1

main developments caused by globalisation (4)

Answer 1

communication developments
transport developments
financial developments
security developments

Question 2

benefits of instant messaging services (such as Facebook)

Answer 2

easier to communicate with people across the globe- saves time
financial improvements- money can be transferred quickly and easily
people able to voice opinion online

Question 3

how long would the economy be disabled if facebook was hacked

Answer 3

3 years

Question 4

drawbacks of instant messaging services such as Facebook

Answer 4

not much privacy
fake news can be spread easily
lack of access for some (isolated)

Question 5

what is a protectionism

Answer 5

putting in place barriers to prevent and reduce trade in order to maintain internal markets and own manufacturing industries

Question 6

what is trade and financial liberalisation

Answer 6

groups such as the WTO encouraging governments to remove tariffs and barriers to trade. the idea is to encourage the free movement of goods and services

Question 7

trade and financial liberalisation leads to …

Answer 7

more globalisation

Question 8

example of a protectionist country

Answer 8

North Korea (arguably the only one in the world- completely independent)

Question 9

benefits of a protectionism (4)

Answer 9

not reliant on other countries
gov is still able to directly control industry
good internal economy
environmental benefit- no imports or exports

Question 10

benefits of liberalisation (3)

Answer 10

not restricted to what you make and produce yourself - more freedom of choice
more competition which drives down prices
builds relationships between countries

Question 11

which approach (protectionism or liberalisation) is more economically sustainable (give reasons)

Answer 11

can be seen that protectionism is as the country has the most control over imports and exports. also reduces interdependence and strengthens internal economy. but does restrict people’s choices

Question 12

how has the air transport of goods aided globalisation

Answer 12

goods with a fast expiry date (eg food, flowers from Kenya or organ donations from across the world) can be transported quickly
perishable goods such as food that are out of season can be found in supermarkets all year round

Question 13

(development in transport) how many containers can a ship hold at one time and what does this mean for the price of goods

Answer 13

10,000 - means the goods are cheaper

Question 14

how is containerization made more effective

Answer 14

all the containers are a standardised size

Question 15

why are robotic warehouses more effective than traditional warehousing techniques

Answer 15

less mistakes and much faster (products usually packaged and out of the warehouse in 2 hours)

Question 16

what is the aim of the World Customs Organisation (WCO)

Answer 16

to stay ahead of any crime relating to the movement of goods and services

Question 17

what does the EU secure operative do

Answer 17

protects EU transport of goods and services (like the WCO but for just the EU)

Question 18

what is the case study for management and information systems

Answer 18

HSBC

Question 19

HSBC is the world’s __ largest bank

Answer 19

4th

Question 20

how many branches in how many countries does HSBC have

Answer 20

9,500 branches in 85 countries

Question 21

how many HSBC customers are there

Answer 21

100 million

Question 22

how much does the HSBC have in assets

Answer 22

$2.67 trillion

Question 23

what is ‘just in time’ manufacturing

Answer 23

only making things once they have been ordered

Question 24

benefit of J.I.T manufacturing

Answer 24

no storage is needed as the product (usually cars) are sold immediately after production

Question 25

disadvantage of J.I.T manufacturing

Answer 25

the company is heavily dependent on the supplier