Globalisation

Question 1

global flows - political

Answer 1

opec - controlling oils

Question 2

global flows-cultural

Answer 2

foods
different football leagues (different countries)
traditions and beliefs
movies

Question 3

global flows-economic

Answer 3

TNCs?
Richer countries. trading with poorer

Question 4

global flows- Environmental

Answer 4

fuel for trading
oil spills if trading oil

Question 5

Shrinking world causes

Answer 5

Internet
Transport improvements - steam ships and shipping containers

Question 6

containerisation benefits for trade

Answer 6

price of trade fell
losses to theft plummeted, reducing insurance costs
ships could get bigger and more efficient while spending less time at port

containers made inland distribution easier so ports became bigger and fewer in number

this increased productivity meant fewer dockworkers were needed, undermining their bargaining power and reducing the number of strikes.

Question 7

how free trade increased globalisation

Answer 7

trade is cheaper which. increases trades between nations especially TNCs. TNCs will begin to increase FDI across nations and increase outsourcing, forming a global supply chain
with more trade and FDI from TNCs, there is a global spread of ideas, products, cultures etc

Question 8

what are IGOs?

REVISE IN FOLDER

Answer 8

Intergovernmental organisations
Intergovernmental Organizations are regional or global organizations of which countries are members

overall good for TNCs
bad for people - exxploted especially Asia long hours cheap. pay

Good for government as want tax money

Question 9

why would national government want to attract fdi and tnc in their country

Answer 9

provide jobs formal economy taxes

improved infastructure

technology from tncs