Factors Promoting Globalisation Flashcards
What are the factors?
Flows of services. Flows of information. Flows of capital. Flows of products. Flows of labour.
How is information?
Email/ social media / internet.
Instantly spread globally.
How is flows of information good?
Learn a lot about culture / countries.
No travelling involved.
What does it mean by flows of labour ?
Movement of workforce.
International migration.
What spurs on the flows of labour?
Push factors - lower wages
Pull factors - higher wages opportunities
Flows of labour, where does this occur?
Highly skilled workers from LICs move to more developed counties for better conditions / wages.
How does flows of labour benefit directly LICs?
Remittances/ cultural exchange.
What was the flows of products initially like ?
Manufacturing was more in developed counties.
Manufactured / distributed / consumed here.
What is recently happening to flows of products?
Increasing in NECs and LICs due to cheaper labour.
TNCs move businesses here for a variety of reasons.
What is flows or products increasing in ?
International trade in manufacturing goods.
Eg UK imported £200 billion in 1990 and then £550 billion in 2008
How is more flows of capital being implemented into LICs?
FDI - more connections.
How has better technology increased flows of capital ?
ICT/ online banking - instant and easy
Where are low level services based and high level ?
Low level - customer services - low wage - Lic
High level - financial services - high wave - Hic
