globalisation Flashcards
What is the definition for globalisation?
The increasing connectedness between places and people across the planet, established through trade, politics and cultural exchanges and helped by technology and transport.
What are the main flows?
capital, labour, products, services, information
What are contributing factors to globalisation?
technology, transport, security, trade agreements, communications, information, financial systems
What are ways that globalisation promotes growth and stability ?
It produces jobs for LEDCs
Increased economy for LEDCs due to manufacture of raw materials
What are ways that globalisation promotes inequality and injustice?
Exploitation of workers which are lowly paid
Inequality as rich and poor gap widens
Loss of small scale businesses
Poor health and safety policies for workers
