GG: Impacts Of Globalisation

Question 1

What are the benefits of globalisation?

Answer 1

• integration - G allows countries to pool their resources to solve global issues that are too great to for a single country to deal with. Greater integration of info and people creates better understanding between people of different backgrounds and cultures
• development - FDI brings capital into a country, used to improve education and infrastructure. This attracts further trade and investment - so further development.
• stability - as countries become more interconnected, they become more dependant on each other. This discourages any actions that would upset global stability, due to negative consequences.
• economic growth - global trade allows countries to profit form their natural resources and specialist industries, generating wealth. Also gain products and services that they would be unable to produce themselves. Greater access to money and products improves peoples standards of living

Question 2

What are the costs of globalisation?

Answer 2

• inequalities - low skilled jobs move to LICs, as low skilled workers find it harder in HIC to get jobs - creating a greater divide between rich and poor people within countries. HICs have greater access to capital and tech, meaning at advantage.
• conflict - developed countries have intervened in conflicts in order to secure access to natural resources like oil. Cyber warfare is a new source of conflict, everywhere is dependant on the internet, so computer attacks have a large impact
• injustice - improved transport and communications systems have made humans trafficking easier. Many people in LICs have to work in sweatshops to make products for developed countries
• also many environmental consequences …

Question 3

What are some of the environmental consequences of globalisation?

Answer 3

• increases the amount of transportation required meaning more pollution and GHG
• deforestation (for resources like oilseed plantations) and overfishing
• race to the bottom to provide cheapest goods no matter how bad it is for the environment
• abundance of cheap products means people can afford to be more wasteful, creating lots of landfill