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global systems and global governance > globalisation > Flashcards

globalisation Flashcards

1
Q

define globalisation

A

the process of the world becoming more interconnected and interdependent leading to a ‘borderless’ world

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2
Q

what are the four aspects of globalisation?

A

social, political, cultural and economic

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3
Q

define economic globalisation

A

the flow and spread of money across the world

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4
Q

define social globalisation

A

people becoming more interconnected because of advances in technology

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5
Q

define cultural globalisation

A

spread of religion, food due to migrants bringing their culture to new country

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6
Q

define political globalisation

A

governments making trade blocs and deals

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7
Q

example of social globalisation

A

social interconnectivity has grown over time due to mobile phones and social media + faster circulation of news + info due to 24hr news

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8
Q

example of political globalisation

A

WB, WTO and IMF work internationally to harmonise economies

G8/G7

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9
Q

example of economic globalisation

A

industries moving to developing countries to save money on labour, helps economic growth there

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10
Q

example of cultural globalisation

A

westernisation of products like McDonalds, found in over 100 countries

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11
Q

what happened in the 1980s and 1990s that allowed banks to operate beyond national boundaries

A

deregulation of financial markets

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12
Q

define flow of labour

A

people who have moved for work in another country

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13
Q

what are the three reasons people can migrate

A

-economic migrants - solely for work
-asylum seekers - waiting to be granted residency to become refugee
-refugee - fled (conflict, political or religious persecution) for improved life

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14
Q

what are the dimensions of globalisation

A

capital, labour, products, services and information

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15
Q

define flow of capital

A

flow of money for investment, trade or business production

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16
Q

where are the 4 main flows of capital

A

Periphery region
IMF
world bank
core regions

17
Q

details of biggest labour flow in world in 2017

A

Asia - 63 million people moved to a different area of Asia while living in Asia

18
Q

define flows of products

A

movement of produced goods from area of production to area of consumption

19
Q

where has international trade created flows of products between

A

low income and high income countries

20
Q

what have technological advancements such as better
transportation and communication done for LICS

A

products can now be produced in low income countries.

21
Q

define flows of services

A

economic activities traded w/out production of material goods

22
Q

example of low level service

A

call centers, moved from uk -> india, labour costs cheaper

23
Q

what has allowed information to be transferred globally w ease

A

development of ​internet use, social media platforms and entertainment services

24
Q

what is global marketing (coke)

A

process of promoting +/ selling produce/services all over world

25
Q

what is the goal of global marketing

A

brand = recognisable
can be bought anywhere in world

26
Q

the BRIC and MINT countries have developed their own industrial and commercial bases which has led to rapid economic growth, which countries are these?

A

brazil, russia, india, china
mexico, indonesia, nigeria, turkey

27
Q

who are the top exporter of fuels and mining products

A

EU but Saudi Arabia, UAE, and Qatar are all in the top 10 exporters of fuel and mining products

28
Q

who is the majority of textile exports are dominated by

A

economies like china

29
Q

which generally consume more manufactured products, HICS or LICS

A

HICS

30
Q

what is there demand for in developing economies

A

fuel and
minerals due to the rapid industrialisation

global systems and global governance (9 decks)

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