Factors in Globalisation Flashcards
How has the collapse of Communism impact globalisation?
Eastern Europe establish links with West - closed before
How has technology impacted globalisation?
Improved global communication technology (e.g. Internet)
How has government support impacted globalisation?
Trade departments ease & facilitate trade
Outline an example of government support?
The Department for International Trade in the UK - offer support and advice on all trade aspects - encourage oversea trade
What does government support look like in countries with less developed infrastructure? (E.g: Pakistan)
Encourage exporters to use dry ports
Define dry ports
Ports located inland nearer to businesses - seaports connected by rail to inland terminals
Outline 3 ways dry ports can help?
- More energy efficient traffic - environmentally friendly
- Relieve seaport cities from congestion
- Save time & transport costs
How have financial factors impacted globalisation?
Deregulation of markets - removes barriers
Communication technology - improved financial transactions
Define ‘algorithmic trading’
Trading system with advanced & complex mathematical decisions for trade
Outline how transportation factors have impacted globalisation
Products can be shipped faster and in larger quantities
Outline the 6 transportation technologies that have helped improve globalisation
Increased aircraft size
Growth of low-cost airlines
Standardised containers
Distribution efficiencies
Computerised logistic systems
High-speed rail networks
Outline what Eddie Stobart is and how it has high quality transportation
Leading UK supply chain organisations formed in 1970
2,200 vehicles, 24 distribution centers
Other groups - Stobart Air
Outline the security issues facing globalisation
Crime, anti-terrorism, food & bio security and anti-smuggling
