flows Flashcards
What are the main types of flows in globalisation?
Capital, labour, products, services, and information.
What are the four main groups involved in global capital flows?
Core regions, periphery regions, IMF, World Bank.
what is the IMF’s purpose?
Foster global monetary cooperation, financial stability, international trade, high employment, sustainable growth, and poverty reduction.
What is the World Bank’s role?
Provide loans for development and relief.
What percentage of the world’s population are international migrants?
3-4%.
What are the three types of migrants contributing to labour flows?
Economic migrants, refugees, asylum seekers.
What are the two types of services?
High-level (e.g., finance) and low-level (e.g., customer service).
What is the largest intra-continental labour flow?
Within Asia (63 million in 2017).
What is the largest inter-continental labour flow?
Latin America/Caribbean to North America (26 million in 2017).
Why do highly skilled workers migrate to high-income countries?
Higher wages and better job opportunities.
What issues do unskilled migrants face?
Low pay, exploitation, illegal work.
What percentage of UK doctors are trained abroad?
36.6%.
How much was the value of global trade in 2015?
$25 trillion.
Where do most international migrants move?
to high-income countries
What has caused a shift in manufacturing locations?
Technological advancements and lower labour costs in low-income countries.
How has UK manufacturing employment changed since 1985?
Decreased by over 3.4 million jobs.
Why are low-level services often offshored?
To take advantage of lower labour costs.
Where are high-level services concentrated?
In global hubs and high-income countries.
What developments have accelerated global information flows?
Internet, social media, real-time data.
What is the ‘knowledge economy’?
An industry reliant on information rather than physical goods.
How do information flows contribute to employment?
Enable global job searches and remote work opportunities.
