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.
