Global Gov Flashcards
give an example of a law and regulation put in place that affects what we can do to our environment?
Montreal protocol (1987)- called for drastic reduction in the production of CFCs internationally
what is it called when countries share things with each other?
flows
what are the different flows in globalisation?
- capital
- labour
- products
- services
- information
what are capital flows?
movement of money fro the purpose of investment, trade or business
what are flows of labour?
movement of people who move to work in another country
what are product flows?
flows of physical goods
what are service flows?
known as ‘footloose’ meaning they can locate anywhere without contrasts from other resources or obstacles. e.g. call centres
what are information flows?
information flowing from one country to another SMS
some of the worlds major flows occur between 4 main groups what are they?
core regions- HICs
Periphery regions- NEEs
International Monetary Fund- International corporation that aims to ‘foster global monetary cooperation, secure financial stability’
the world bank- ‘ a group of global institution that give out loans for development or relief
what are the three types of migration?
economic migrants- people who have moved voluntarily for reasons of work and improved QOL
refugees- people who have been forced to leave there countries due to conflict, political or religious persecution. granted residency by the host or UNHCR
asylum seekers- people who have left their country and are seeking asylum in another.
what is international labour flows?
flows from one country to another. 3-4% of the worlds population are International migrants
where is the majority of international migration?
HICs 14.1%
LICSs 1.6%
what continents are the three major labour flows between?
asia
europe
africa
what area Asias labour flows?
63 million people moved to a different area of Asia, making largest labour flows. 5 million migrated from India, Pakistan and Bangladesh to Qatar, Saudi Arabia, the UAE and Bahrain. for better jobs
Europes labour flows?
41 million moved to other areas within Europe.
Germany holds the largest amounts of European migrants. (1.9 mil).
uk 2nd largest amounts (1.2 mil)
Africas labour flows
19 mil move within African countries
what are the largest labour flows between continents?
Latin America and caribbean to NA
Asia to Europe
Asia to NA
explain Asia to Europes labour flows?
20 million migrants move to Europe from Asia. Germany has highest amount of 1,000,000 from Kazakhstan. Englands largest Asian pop from India 840,000
where do highly skilled workers move to? give an example?
HICs for higer wages
NHS- 63.4% all doctors in uk are trained here
what are product flows?
movement of produced goods from an area of production to consumption
in 2015 what was the value of world trade of food and manufactured commodities?
$25 trillion
in the past where were goods manufactured?
HICS
what has happened in recent years with where goods are manufactured?
international trade has created major flows, due to techno advances products now produced in LICs. lower labour costs= offshoring. produced at low price sold high price
what has happened to the employment in the manufacturing business since 1985?
3.4 million job decrease
what are the two types of services?
high level services
low level services
what are high level services?where? e.g.?
activities that require a higher skill level, need qualifications and training. financial services (HICS)
what are low level services? where? e.g.
services that require less training and are not as important to consumers. mainly customer service based. offshoring (India) call centres
what has allowed information flows to grow?
- internet use
- social media
- entertainment servies
what are the purpose and the role played by fast broadband for information flows?
allows new and financial informtation to be transferred instantly allows people to be more informed on current events
what are the purpose and the role played by social media for information flows?
allowed people to communicate across countries, experiencing other cultures making people across world more interconnected.
what are the purpose and the role played by real time data for information flows?
contribute to “knowledge economy”. developments in stock markets, high tech products, education sector
what does awarenesses of a brand create?
trademark, and can be easily recognised easily by consumers
how else can famous brands be recognised? e.g.
logo
- maccies, apple, Coca Cola, nike
what have apple\ nike created globally?
global awareness, buyers assume their success and polarity equates to good products so the familiar brands are seen as trust worthy and grow
what is “keeping the same strategy” e.g.
more beneficial for a product to be marketed globally using the same strategies. KitKat British company appeared in Japan 1973, now its only place in world to sell unusual flavours. edited its marketing strategies to appeal to Japanese culture (globalisation)
developed markets dominate what?
the global exports in manufactured goods, especially the EU and US.
who are the top exports of agricultural products?
EU and US
where does fuel come from ?
EU (top exporter) a large majority of emerging economies in Middle East are also large producers due to oil industry.
who is the largest exporter of clothing?
China, India, Turkey and Indonesia- emerging economies and lots of (LICS)
who are the top exporters of office and telecom equipment?
China (1/3) due to cheap labour and ability to ship products in bulk
who are the top exporters of automotive products?
- EU
- Japan
- US
- Canada
what globalisation increased or decreased recently?
increased due to advances globally
what is the financial system?
relationship between these who borrow money, those who invest money and the institutions that hold, give out and take in this Money.
give an example of a financial system?
bank
how has the financial system become global?
multinational corporations invest their profits
people buy and sell shares
countries borrow and lend from each other
how has financial technologies made money more easily accessible?
informed decisions due to global communication technology
global banks operate due to ability to communicate globally
transfer money due to internet
remittances
how how innovations in transport made it easier it transfer goods faster and in larger quantities?
- high speed rail
-faster/bigger planes (cargo aircraft) and boats
containerisation- cheaper and less trips needed
how have new innovations of transport allowed for more flows of labour?
high speed rail
Air travel- faster and cheaper flights and more destinations
what has been implemented due to globalisation and countries facing threat?
stricter regulations upon entering a country (international customs)
cyber security
UNSC (United Nations security council) safety for countries- MI5
CCTV
how has the ability to communicate globally and transfer flows of information, services and capital to accelerate?
satellites and fibre optic communication enables growth of internet and phones
what is economies of scale?
concept of increasing profits by producing a larger amounts of products, on average price to manufacture is cheaper
how can companies save money in production?
by upscaling their production
how can companies upscale their production?
raw products to be bought in bulk
large amounts of products can be made more quickly on production lines
what are global supply chains?
a supply chain is the organised management of product flows, form when they are manufactured to when they are delivered to consumers.
what is outsourcing?
the hiring of other companies to complete company task that are essential. saves money especially when done in LICS
what is offshoring?
relocating a company process abroad. easier to do due to ability to transfer money
what are trade agreements? and impact on globalisation?
trading products across the world, globalisation has deepened and accelerate as international trade is cheaper and easier