Geo - Globalisation Flashcards
globalisation
- process of the world becoming more interconnected
- increases integration and interaction
causes of globalistion
- improved transportation
- more companies
- internet
- free trade
- social media
- migration
- currency
- advertisement
- foreign labour
positive impacts of globalization
- new jobs
- consumers enjoy greater choice of goods
- help local services
- improving cultural diversity
- able to take holidays
- bring awareness to global issues (e.g. pollution)
- makes governments work together to tackle global issues
negative impacts on globalization
- multinational companies might drive local companies out of business
- can threaten local culture
- operates only among the richest countries.
- can cause social tensions among countries.
trade
buying & selling goods and services between different countries around the world
industry
economic activity concerned with the processing of raw materials and manufacture of goods in factories.
cotton industry - environmental impacts
Aral Sea
- dried up because water was used for cotton
- loss of trees + forests
- everything depended on the sea, died
- temp increased, no water to evaporate
- dust storms, no trees to block wind
- dust carries harmful chemicals
cotton industry - social impacts
- fishing industry was lost, no water/sea
- jobs lost
- communities have reduced water supply
- poverty
- public health affected
fair trade
- changes the way trade works through better prices, better working conditions
- fairer deals for farmers and working in developing countries
positive impacts of fair trade
- improves working conditions
- reduces environmental damage
- no child labor
- give workers the money they deserve
- farmers being able to exchange info (cooperative)
fair trade premium
- fair trade products being a bit more expensive to guarantee working villages earn money.
- can be used for buildings, buying more supplies and much more.
fair trade minimum price
lowest possible price that a buyer of fair trade products must pay the producers
co-operatives
- farmers exchanging info to help each other.
- benefits everyone
TNC
- transnational cooperation
- a company that has operations (eg. factories, shops, workers …)
- many TNCs are large & well known
advantages of TNC’s
- can increase countries’ GDP
- decrease employment
- give citizens new skills
- brings in new machinery, better technology, new management skills, production ideas and better education