global systems Flashcards
What is global systems
Organisations, groups or activities which link different parts of the world
What is globalisation
Is the integration of countries across the globe
What is interdependence
Where a country relys on another
Why is globalisation increasing
-increase in interdependence
-increase in technology (communication)
-increased in trading blocs
-increase in infrastructure
What are the advantages of globalisation for people
-increase choices
-freedom to travel
-cultural experiences
What is the issues of globalisation
-can cause domestic unemployment
-trade can affect uk businesses
-conflict
What is real time communication
The process of communication becoming instant “real time” where there is little to no delay
What are the different types of globalisation
Economic- flows of goods and capital
Social-spread of people and ideas
Political- spread of government policy’s
What is the KOF index
A measure of globalisation which examines economic, social and political factors to designate countries with a score of 1-100. The higher the score the more globalised
What are trade agreements
A formal agreement between two or more countries which aim to remove trade barriers or liberalise protectionism. For example nafta or the eu
Financial systems
Removal of government barrier to help move money around countries. Has made is easy to purchase goods globally.
Transport in globalisation
Improvements in transport has made it faster and cheaper to get around the world. It has also made it cheaper to produce. Containerisation is the process of transporting lots of goods at once via a cargo ship which brings about EOS
Security and globalisation
Globalisation increases global security, greater supply chain security will ensure the movement of goods around the world. People will not order goods if they feel they won’t receive them.
Communication globalisation
Increase in real time communications from satellite technology and fibre optic cables
What are the flows that occur in globalisation
-flows of money/capital
-flows of labour
-flows of products
Flows of labour
-immigration
-migration
-NEE to HIC countries
Flows of capital
-FDI. Usually from TNCs
-core/ periphery model. Suggested that lower income countries (periphery) have less control than higher income (core) countries.
-repatriation profits. Profits from TNCs back home
-remittance payments. Payments from foreign workers to family back home
Flows of products
-reduction in tariffs
-reduction in costs of trade
-transport and times. Containerisation
-regulatory barriers
What is division of labour
Where labour is split up into sections where certain people or groups are assigned different tasks to increase productivity.
What is global shift
The movement of an industry to different economies. Usually manufacturing industry’s or low payer work which moves from HIC to lower income countries.
Why does global shift occur
Because lower income countries can produce at lower costs. Labour is cheaper elsewhere and the same with raw materials.
Why did de-industrialisation lead to global shift
Because the manufacturing industry became obsolete in HIC countries so moved elsewhere where goods could be produced cheaper