Global Shift (90+6) Flashcards
What is a global network?
Large scale connectivity within/between nations
Linked by global flows
Why may 2+ economies be described as interdependent?
Over reliant on each other for financial/political connections
FDI?
Financial injection made by TNC into economy of developing nation
SEZ?
Special economic zone
Often found near favourable area (Coastline)
Attracts TNCs
ASEAN?
Association of South East Nations
10 member states + 660m population
Eliminate tariffs + incentivise free trade in SE Asia
China - Open/Closed door?
Open - Exports more ‘rare earths’ minerals
Foreign TNCs allowed to invest in certain sectors
Closed - Censorship + Firewalls
Strict TNC control in some sectors
KOF Index?
Annual Globalisation Index
2019 - Swiss + Dutch most globalised
Data such as UN peace keeping mission participation
Debatable criteria
AT Kearney?
World cities index - New York, London, Hong Kong among top 5 Alpha cities
Measures ‘Business activity’, ‘Cultural experience’, ‘Political Engagement’
Outsourcing?
TNC contracts another company to produce their goods + services
Global Network link
Global Production Network?
Chain of connected suppliers of parts + materials
Contribute to assembly/manufacturing of goods
Glocalisation?
Adaptaion of product to cater to local trends/tastes/regulations
E.g., Maharaja Mac in India
Switched off?
Poorest nations, lack strong flows of trade + investment
E.g., North Korea - Significant censorship, Political isolation
Global Shift?
International relocation of different types of industry
Increased prominence of industry in Asia, less so in SA
How many have escaped $1.25 a day poverty since 1990?
1 billion
Majority Asian
Where has outsourcing been the most prominent?
India - Call centers
Bangalore well-established hub
China - Manufacturing
Deemed ‘Workshop of the World’ in 90s