G -> 1.5-2.2 Flashcards
Things that indicate to the level of globalisation
- amounts of imports and exports of goods and services
- Migration of people in and out of a country
- Ethnic and cultural diversity
- International air travel
- Data connections between areas
- Permanent migrants
KOF and Kearney?
2 companies that have made their respective indexes to measure degree of globalisation within a country
KOF globalisation index
Measured since 1970 for 158 countries
24 indicators through 3 main categories:
- economic globalisation
- social globalisation
- political globalisation
Each indicator is converted value, and it’s all averaged out
AT Kearney index
A US Management Consultancy - Look at only 62 countries
- economic integration: trade and FDI flows
- technological connectivity - internet users
- political engagement - UN + other IGO membership
- personal contact - international travel and tourism, etc
Index values from 0-1
define glocalisation
- adapt goods/ services to appeal to the customer, taste, religion(no topless A&F models in UAE), laws
- remember local regulation restrictions, eg - A&F joint venture with maid al futtaim fashion
- McDonald’s veggie in some India due to Hindu and Sikh
define outsourcing
outsourcing to another company, to avoid the cost of repeating something another part of the company is doing eg, A&F, A&F kids, Hollister all make use of sportswear made in bangladesh
define offshoring
moving operations to another country (cheaper)
- e,g building new factory in china due to lower wage rates
environmental description of the Sahel
- semi arid climate of 200-400mm, agriculture reliant on rainy season
- climate change = desertification
- harsh desert climates
political description of the Sahel
- landlocked, poor quality roads and freedom of passage through other countries to access coastal ports
- high transport costs therefore, = less FDI
- severe conflict with jihadist insurgency
economic description of the Sahel
- 64% below the poverty line
- poor infrastructure and low skinks of working population = discourage FDI
- low income levels lack market size to attract retail
- subsistence farming
social description of the Sahel
- food shortage encourage anger and extremism
- high rate of infant mortality
- 37k refugees fled into Burkina Faso
technological description of the Sahel
- little shelter/ water/ roads/ hospital in Mali
describe North Korea in terms of politics to me
- North Korea remains cut off from the rest of the world, as it wishes to be self sufficient under its heavily command economy
- have limited trade only with china, other than that they are switched off from the rest of the world
why do some places stay switched off from connectivity??
- tourism blocked
- low economic growth leading to low technological advances
- conflict zone (terrorism)
- lack of rain, arid environment
physical root cause of lack of investment into Sahel
- arid conditions + desertification mean that only possible integration likely to be shallow, like food aid for subsistence farmers
economic root cause of lack of investment into sahel
- cost of providing infrastructure
- wages will be low, so negligible spending power, so not viable markets, so no investment into creating consumer networks