Globalisation Flashcards
Globalisation
The process by which the countries of the world are becoming increasingly interconnected because they are gradually drawn into a single global economy.
Global economy
The economy (money) of all the humans of the world, considered as the international exchange of goods and services that is expressed in monetary units of account
Commodity chain
The sequence of stages in which companies exploit resources, transform them into products and distribute them.
In a nutshell: A pathway along which goods travel from producers to consumers.
International Monetary Fund (IMF)
Puts economic policies in place to prevent further financial crises. Keeps tabs on the global economy.
World Bank
Focuses on development and reducing poverty. It provides funding and resources in poorest countries.
World Trade Organisation
Facilitates negotiations and trading agreements. It makes sure that economic tensions don’t lead up to more serious confrontation.
Footsteps social factors
- Employs all of their staff from the local village
- Encourages guests to spend their money locally by introducing local markets and craftspeople
Footsteps economic factors
- Gives 20% of its profit to the local community
- Staff are paid for a whole year
Footsteps environmental factors
- Solar powered pumps for water
- Wind and sun for electricity
- All toilets are composting toilets
- Grey water used to irrigate fruits and vegetables grown in the garden
Scarlet hotel economic factors
- No air conditioning reduces energy consumption and money spent buying/installing AC units
- Foraging fresh food is cheaper and more nutritious and helps save money
- hot tub no bubbles reduces money spent on energy
Scarlet hotel environmental factors
- Algal pool cleaning to reduce chemical pollution
- Rooms are warmed by the sun and cooled by the sea breeze
- Hot tub no bubbles to save energy
Scarlet hotel social factors
- Fine soaps for guests and can take home to continue using (the hotel provides a cotton pouch)
- Room service, where staff brings ready-made tea 24/7 to your room. No in-room tea tray to reduce plastic wastage.
Fieldwork title
To what extent does the environment change between CBD and inner city in Hong Kong?
Non-governmental organisations (NGOs)
E.g., Oxfam International, Red Cross
Aim to reduce poverty and hunger.
Causes of forced migration
- Natural hazards
- War and persecution
