Global Systems And Global Governance Flashcards
Globalisation
The increasing interconnectedness of countries worldwide
Increasing flows
Increasing interdependence
What % of global goods and services are found in core countries
80%
What % of global goods are found in the periphery
20%
Definition of footloose
Being able to locate anywhere and serve customers worldwide
Definition of tacit knowledge
Knowledge gained from face to face contact
Definition of global marketing
The process of promoting, advertising and selling products or services
Definition of economies of scale
The cost advantages that result from the larger size of an operation
What date were most products consumed in country of origin
1950s
What % of all manufacturing jobs are located in developing countries
Over 50%
What date was the BRIC(s) formed
2002
What countries are the BRIC(s)
Brazil, Russia, India, China, (South Africa)
What GDP do all BRIC(s) have at least
$1 trillion
Between 2008-2010, what was the economic growth of all BRIC(s)
6-10%
What year was the MINT countries formed
2014
What countries are the MINT
Mexico, Indonesia, Nigeria, Turkey
What do all MINT countries have in common
High population, low HDI
General trend for the global shift
Core to periphery
First global shift date
1950s
What happened in the first global shift
Labour intensive manufacturing such as garments in India
TNCs moved to NICs
What date was the second global shift
1960s - 1990s
What happened in the second global shift
Heavy manufacturing such as electronics in SE Asia
Moved resources to periphery
What date was the third global shift
1900s onwards
What happened in the third global shift
Services moved such as call centres in India (2000)s
What date was the fourth global shift
Present
What happened in the fourth global shift
Manufacturing from NICs to LEDCs
How many countries does the KOF index work for
122
When was the 2 different KOF index’s published
2002 and 2017 (new edition)
What scale does the KOF index use
0.00-100.00
100 = most globalised
What does the KOF index show
How globalised a country is
What factors does the KOF index not account for
Environmental factors
How many internet users are there
3 billion
UKTI
Government support scheme
UK Trade and Investment
WCO and it’s role
World Customs Organisation
Awards quality labels to operations that meet the required standards
JIT technology
‘Just In Time’ technology
Production is pulled through rather than pushed
Not over supplied
What date did trade blocs start
1950s
IMF
International Monetary Funds
Which institutions support free trade
IMF, WTO and World Bank
What do tu IMF and World Bank do
Provide money for poor countries
