Globalisation Flashcards
What is the Schengen Agreement
Allows people who are from countries that have signed the agreement to move across most EU borders without being subject to border checks
What is the difference between social and cultural globalisation
Social globalisation = the increasing number of international migrants, the increasing quality of education and healthcare and the rise of social media
Cultural globalisation = the spread of western ideas and culture such as North American films
What are two examples of political barriers to migration
Donald Trump (2017) = not issuing non-immigration visas to where most the population are Muslim
Kuwait = people with Israeli passports are not allowed to enter Kuwait due to its ongoing boycott against Israel
What is a special economic zone (SEZ)
It’s an area set up by national government to attract FDI into a region
Why does China still have a closed door to some global flows
China’s censorship of the social media disallows TNCs like Facebook and Google to have little to no access to the market of Chiba
- only 34 foreign films screened as of 2018
What is free market liberalisation/neoliberalism
When you remove the influence of the state in the economy and allow the market to act more freely
What are subsidies
A sun of money granted by the state or a public body to help an industry or business keep the price of a commodity or service low
Who are the new rivals to the Breton wood institutions (WTO, IMF, WB)
BRIC =Brazil, Russia, India, Chiba
- in 2015, the BRIC nations set up the new development bank to rival the world bank
What is an example of offshoring
Apple iPhones are assembled by Foxconn in china and designed in California
What is an example of outsourcing
BT outsourced some of its call centre work to India to benefit from lower labour costs
The high British speaking population means that British TNCs cab locate in India
What are the risks that come with offshoring and outsourcing
- companies lose control of the production of their goods
For example the horse meat scandals in 2013 where supermarkets where unaware that horse meat was being used in some of their dishes
Describe the spiral of decline
1 - companies (usually manufacturing) move away
2 - unemployment
3 - this leads to de-population, rise in crime rate and other social problems, and mental health issues
4 this leads to local businesses moving or closing as they have fewer customers/and buildings are left derelict