Globalisation Flashcards
Definition?
interconnection of trade, work and travel globally
what are inter model containers?
containers able to use globally (trains, planes, ships)
factors in globalisation?
ICT Mobile devices Broadband Fibre optics GIS GPS Internet Social Media
TNC’s?
trans national corporations
MNCs?
multi national corporations
primary industry?
farming, mining, fishing, oil production
secondary industry?
processes materials from primary industry (manufacturing)
tertiary industry?
health, transport, education
quaternary industry?
finance, IT, consultancy
what is the manufacturing shift?
TNCs and MNCs moving from HICs to LICs and NICs for cheap labour in factories
what is the WTO
world trade organisation
NGO?
non-governmental organisation
IMF
International monetary fund
IGO?
Inter governmental organisation (e.g NATO)
WFTO?
World fair trade organisation
what is a supranational organisation?
many nations working together.
creates laws, treaties and conventions.
e.g. United Nations
how many members of UN general assembly?
193
what does the security council do?
prevents conflict on a large scale
members of security council?
UK, USA, France, Russia, China
where is the international court of justice
The Hague
Netherlands
what is tragedy of the commons?
A group or individual ruining others experience of living
example of tragedy of the commons?
limited supply of common pool resources e.g. fuel
what are three main types of globalisation?
economic, cultural and political
how is globalisation measured?
KOF index
Social, economic and political on scale 0-100
