Global Systems And Global Governance

Question 1

Globalisation

Answer 1

The increasing interconnectedness of countries worldwide
Increasing flows
Increasing interdependence

Question 2

What % of global goods and services are found in core countries

Answer 2

80%

Question 3

What % of global goods are found in the periphery

Answer 3

20%

Question 4

Definition of footloose

Answer 4

Being able to locate anywhere and serve customers worldwide

Question 5

Definition of tacit knowledge

Answer 5

Knowledge gained from face to face contact

Question 6

Definition of global marketing

Answer 6

The process of promoting, advertising and selling products or services

Question 7

Definition of economies of scale

Answer 7

The cost advantages that result from the larger size of an operation

Question 8

What date were most products consumed in country of origin

Answer 8

1950s

Question 9

What % of all manufacturing jobs are located in developing countries

Answer 9

Over 50%

Question 10

What date was the BRIC(s) formed

Answer 10

2002

Question 11

What countries are the BRIC(s)

Answer 11

Brazil, Russia, India, China, (South Africa)

Question 12

What GDP do all BRIC(s) have at least

Answer 12

$1 trillion

Question 13

Between 2008-2010, what was the economic growth of all BRIC(s)

Answer 13

6-10%

Question 14

What year was the MINT countries formed

Answer 14

2014

Question 15

What countries are the MINT

Answer 15

Mexico, Indonesia, Nigeria, Turkey

Question 16

What do all MINT countries have in common

Answer 16

High population, low HDI

Question 17

General trend for the global shift

Answer 17

Core to periphery

Question 18

First global shift date

Answer 18

1950s

Question 19

What happened in the first global shift

Answer 19

Labour intensive manufacturing such as garments in India

TNCs moved to NICs

Question 20

What date was the second global shift

Answer 20

1960s - 1990s

Question 21

What happened in the second global shift

Answer 21

Heavy manufacturing such as electronics in SE Asia

Moved resources to periphery

Question 22

What date was the third global shift

Answer 22

1900s onwards

Question 23

What happened in the third global shift

Answer 23

Services moved such as call centres in India (2000)s

Question 24

What date was the fourth global shift

Answer 24

Present

Question 25

What happened in the fourth global shift

Answer 25

Manufacturing from NICs to LEDCs

Question 26

How many countries does the KOF index work for

Answer 26

122

Question 27

When was the 2 different KOF index’s published

Answer 27

2002 and 2017 (new edition)

Question 28

What scale does the KOF index use

Answer 28

0.00-100.00

100 = most globalised

Question 29

What does the KOF index show

Answer 29

How globalised a country is

Question 30

What factors does the KOF index not account for

Answer 30

Environmental factors

Question 31

How many internet users are there

Answer 31

3 billion

Question 32

UKTI

Government support scheme

Answer 32

UK Trade and Investment

Question 33

WCO and it’s role

Answer 33

World Customs Organisation

Awards quality labels to operations that meet the required standards

Question 34

JIT technology

Answer 34

‘Just In Time’ technology
Production is pulled through rather than pushed
Not over supplied

Question 35

What date did trade blocs start

Answer 35

1950s

Question 36

IMF

Answer 36

International Monetary Funds

Question 37

Which institutions support free trade

Answer 37

IMF, WTO and World Bank

Question 38

What do tu IMF and World Bank do

Answer 38

Provide money for poor countries