Globalisation Flashcards
What does the GEI measure?
Created by the UNDP, measures Gender Disparity
What 3 categories does the GEI measure?
- Reproductive health
- Empowerment
- Labour Market Participation
3 ways in which countries are made switched on?
- Large labour force (skilled)
- Strategic location - coastline
- Natural resources- Oil
What makes TNCs so successful?
- They alter their products from each country they sell for
- Use numerous strategies to help them expand globally
- Source any material they need all over the world
What are special economic zones (SEZ)?
Small industrial areas where favourable conditions are created to attract foreign direct investment
What does UNDP stand for?
United Nations Development Programme
What does switched off mean?
Those who are against globalisation leading them to be left behind or isolated.
What is the meaning of dereliction?
Abandoned buildings
What is deindustrialisation?
Removal of factories
What is global shift?
Movement of our western economies to our Asian countries
How has international organisations increased globalisation?
International organisations have promoted globalisation in terms of foreign investment for TNCs and aid from countries and NGOs
3 examples of Trade Blocs
- EU
- ASEAN
- NAFTA
What is remittance?
Money sent back home due to migration reasons
How has mobile pones increased globalisation?
Enables people to communicate and access the internet wherever you are
What is the multiplier effect?
When a positive thing turns into another positive thing
What does switched on mean?
Countries that are in favour of globalisation, therefore increased connectedness to the world
How has fibre optics increased globalisation?
Due to superfast internet connections being achievable, communication is viable. Therefore, higher interconnectivity.
What is fibre optics?
Cables that deliver fibre optic broadband and can facilitate fast movements of data
What are Trade Blocs?
Countries that group together as members of a Trade Bloc and promote free trade and the exclusion of tariffs
What is globalisation?
The way in which places and people becoming more interconnected.
What are transnational corporations?
Firms with operations spread across the globe and operating in many nations
What are the 3 main global organisations that have promoted globalisation?
- World Bank (WB)
- World Trade Organisation (WTO)
- International Monetary Fund (WMF)
What are the indicators used to measure globalisation?
- The KOF Index
- The AT Kearney Index
What is the paralympic movement?
Big inclusive sporting event highlighting equal opportunity for everyone and the athletes competing remembered for their talents
In our developing world, how is disabilities presented?
Seen as a curse
Meaning of cultural erosion?
Wearying away of culture
What is a host and source country?
Host country is where migrants are moving too. Source countries are where migrants are moving from
What made people leave Poland?
- Low living standards
- Unemployment: 20-35% (40% youth unemployment)
- Low income level
Also took advantage of the lenient British welfare system
What is an E- tailer?
A retailer selling goods via the internet.
What is the World Trade Organisation (WTO) purpose?
WTO believes in free trade without subsidies and tariffs. WTO encourages all trade between countries to be free.
Risk caused by increased globalisation for banks
Alliances between banks are created. Therefore in the future, competition in the electronic marketplace will be fierce.
How has social networking increased globalisation?
Allowed places and people to be better connected. Also helps to spread ideas to different parts of the world.
What is outsourcing?
Obtaining goods or services by contract from an outside supplier
How has TNCs increased globalisation?
TNCs have made places much more interconnected and ideas/cultures can be shared more frequently due to this.
What is the International Monetary Fund (IMF) purpose?
Lends money for development and maintains international financial stability.