Global Systems And Governance Flashcards
How are we global citizens?
International sports competitions (euros, World Cup, Wimbledon, olympics), going on holiday, clothing style, food, coffee etc
What are common themes of globalisation
- connection
- interconnection
- interdependence
- movements of flows, ideas, capital and people
Examples of economic globalisation
MNCs/TNCs operating on global scales with industrial plants employees/ customers world.
North American free trade agreement (one of the largest free trade zones in the world
International sporting events
World trade organisation deals with rules between nations
Global food corps (Starbucks, Maccies, coca-cola) has lead to decline in local diets and eating traditions
In 2016 apple sold over 212 million iPhones worldwide
Collapse of US bank in 2008 led to global financial crisis
Facebook had over 2 billion users world wide in 2017
Examples of social globalisation
what was the deregulation of world financial markets
when banks, insurance companies and investment companies were no longer confined by national boundaries
what are economic leakages
when money is ‘lost’ from an economic system as profits from a company when the money goes back to the country where the company is based.
how have flows of labour changed
they have increased globally
where do most migrants chose to work
short distances within the same region or between neighbouring regions
name three things that have increased flows of products
low cost of transport
fewer barriers to trade e.g. tariffs
lower costs for financial transactions
where are some important financial centres?
London, Seoul, Hong Kong
Who are the Asian tigers?
Hong Kong, Taiwan, South Korea and Singapore
Who are the Asian tigers?
Hong Kong, Taiwan, South Korea and Singapore
