Global Shift (90+6) Flashcards

1
Q

What is a global network?

A

Large scale connectivity within/between nations
Linked by global flows

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2
Q

Why may 2+ economies be described as interdependent?

A

Over reliant on each other for financial/political connections

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3
Q

FDI?

A

Financial injection made by TNC into economy of developing nation

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4
Q

SEZ?

A

Special economic zone
Often found near favourable area (Coastline)
Attracts TNCs

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5
Q

ASEAN?

A

Association of South East Nations
10 member states + 660m population
Eliminate tariffs + incentivise free trade in SE Asia

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6
Q

China - Open/Closed door?

A

Open - Exports more ‘rare earths’ minerals
Foreign TNCs allowed to invest in certain sectors
Closed - Censorship + Firewalls
Strict TNC control in some sectors

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7
Q

KOF Index?

A

Annual Globalisation Index
2019 - Swiss + Dutch most globalised
Data such as UN peace keeping mission participation
Debatable criteria

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8
Q

AT Kearney?

A

World cities index - New York, London, Hong Kong among top 5 Alpha cities
Measures ‘Business activity’, ‘Cultural experience’, ‘Political Engagement’

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9
Q

Outsourcing?

A

TNC contracts another company to produce their goods + services
Global Network link

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10
Q

Global Production Network?

A

Chain of connected suppliers of parts + materials
Contribute to assembly/manufacturing of goods

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11
Q

Glocalisation?

A

Adaptaion of product to cater to local trends/tastes/regulations
E.g., Maharaja Mac in India

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12
Q

Switched off?

A

Poorest nations, lack strong flows of trade + investment
E.g., North Korea - Significant censorship, Political isolation

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13
Q

Global Shift?

A

International relocation of different types of industry
Increased prominence of industry in Asia, less so in SA

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14
Q

How many have escaped $1.25 a day poverty since 1990?

A

1 billion
Majority Asian

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15
Q

Where has outsourcing been the most prominent?

A

India - Call centers
Bangalore well-established hub
China - Manufacturing
Deemed ‘Workshop of the World’ in 90s

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16
Q

Outsourcing Consequences?

A

India - Exploitation
Middle class growth
Disparity between classes
China - Sweatshop exploitation
Environment fucked - Life exp. down 5yrs
Larger incomes + technology

17
Q

Airpocalypse?

A

Pollution in developing nations due to global shifts + outsourcing

18
Q

Deindustrialisation 70s + 80s?

A

America + Europe - Economic + social issues to inner city areas (Unemployment, crime, dereliction)
Relocation to Asia

19
Q

Megacities?

A

10m + people
3 in 1970, possibly 40 by 2030

20
Q

Rural-Urban migration causes?

A

Urban pull factors
Rural push factors
Shrinking world tech

21
Q

Mumbai + Lagos?

A

M - 26m people 2018, doubled since 1970
Work in retail areas (Colaba Causeway), middle class ^
L - 1m people 1970, 2018 13-21m
Nigeria’s major port + vital telecommunication center

22
Q

Global Hub?

A

Highly globally connected city
Home region of large, globally connected community

23
Q

3 migrants?

A

Elite international - High skill + social influence
Low waged international - Drawn to global hubs
Internal - Main driver of national global hub growth

24
Q

Low wage international E.g.,?

A

Indians to the UAE
$15b remittances to India annually
Transport, construction, manufacturing industries
Exploitation etc…

25
Q

Migration costs? (Host + Source)

A

Host - Racial tensions
Cultural diffusion
Political prioritisation
Source - Economic loss of a generation
Consumption falls

26
Q

Migration Benefits?

A

Host - Fills skill shortages
Migrants fill laborious roles
Source - Remittances
New skills introduced upon return

27
Q

Soft power?

A

Power derived from culture, trends, political values + diplomacy

28
Q

Factors affecting global culture?

A

TNCs
Media
Migration + Tourism

29
Q

Asia changing diets?

A

Meat consumption: 90s, 5 -> 50kg increase
Worlds biggest market for processed food
Crops imported, livestock farming prominent

30
Q

Development?

A

Ways in which nation means to progress socially, economically, politically
Improved quality of life

31
Q

Environmental winners + losers?

A

W - Consumers, Europe, West
L - Producers, SA + Africa (Cash cropping, degredation)

32
Q

Prohibited + Illegal flows?

A

P - Cuba + USA - All trade ceased due to CW tensions
I - Columbia + USA - 99% of US coke from Columbia
US supplied $3b in military aid as
prevention

33
Q

Ecological footprint?

A

Area of land+/ water needed to provide person/society with energy, food + resources

34
Q

Transition town?

A

Settlement focused on bottom-up initiatives
Aims for sustainability
Todmorden, veg on tombstones

35
Q

Ethical purchase?

A

Purchase by which consumer has considered social + environmental costs of production

36
Q

Ethical consumption schemes?

A

Fairtrade
Supply chain monitoring - Tough to police accurately
NGO action - Raise awareness but have finite resources