Globalisation Flashcards
human capital
producing a skilled workforce
homogenisation
making everything the same
globalisation flows
flows of people, resources, capital, or culture
branch plant economy
the negative consequences on the growth of the regions
global shift
the movement of manufacturing and industry to countries that have been recently industrialising
sub-contracting
TNCs giving out contracts to other companies to make their stuff
patterns of consumption
TNCs maximising profits by moving into new markets
facilitators of globalisation
- TNCs and global markets
- Improved communications
- IGOs
- Transport revolution
GII
gender inequality index
SDG & MDG
millennium and sustainable development goals
Gini Coefficient
how divided a society is
What is Absolute Poverty?
$1.90 a day or less
GNP
gross national product
HIPC
heavily indebted poor countries
What is relative poverty?
your standard of living compared to the general standard of your country
what is globalisation?
globalisation is the process of linking together countries from all around the world so they are interdependent especially in economic terms (such as business, trade and financial systems).
what are some facilitators of globalisation?
TNCS
international organisations
development of countries
what are some transport developments that have facilitated globalisation?
– Transport technology: in the 18th and 19th centuries steam power based on coal, improved land and water transport but refinement of oil in the first half of the 20th century introduced faster transport especially with the development of the aeroplane which remain important in the 21st century
– Transport costs: started to reduce in the 19th century and fell further in the 20th and 25th century as Transport got faster and also more efficient carrying larger loads (containerisation)
– transport speed travelling between countries faster overtime, especially with jet aircraft since the 1960s
what communication development have facilitated globalisation?
- telecommunications: the telegraph, then the telephone and television, then satellites technology
- computers and internet: Linking computer systems in different countries became possible with development of webs in the 1980 culminating in the global Internet from 1990. This lab business in different countries to be coordinated and the rise of global brands and social media.