Globalisation Flashcards

1
Q

Define globalisation

A

Globalisation is the increasing interconnectedness between countries. People, information, culture and money can move more easily between countries with fewer barriers.

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
2
Q

What is a TNc?

A

A TNC is defined as a Transnational Corporation - companies that operate in multiple countries

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
3
Q

Where are tncs headquarters located and why?

A

Inc headwaters are generally located in the country of origin because that’s where most profit will return to, and where most of the top management is located.

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
4
Q

Where are tnc research and development facilities usually located?

A

They ore often in developed countries that have a skilled workforce and high level of technology

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
5
Q

What is Glocalisation?

A

Glocalisation refers to products that are distributed globally, but are adjusted to accommodate consumers in local markets.

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
6
Q

What are the pros of tncs

A

Jobs created in now income countries, raised living standards, cheaper products, infrastructure built

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
7
Q

What are the cons of TNC

A

Environmental suffering like oil spills, exploitation of workers rights, minimum wage violations

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
8
Q

What are the 4 TNC case studies?

A

Apple, Coca-Cola, Tesco, shell

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
9
Q

What’s economic globalisation

A

Economic globalisation is growth in world trade, TNCs becoming more present globally.

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
10
Q

What’s cultural globalisation

A

The spread of culture through global news and tourism

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
11
Q

What’s political globalisation

A

The spread of governmental influence between countries, western democracies dominate decision making

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
12
Q

What’s demographic globalisation

A

Increased mixing and migrating of populations

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
13
Q

What’s environmental globalisation

A

Increased prevalence of problems like climate change, they become more widespread

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
14
Q

What are the three aspects of globalisation?

A

Lengthening connections, deepening connections and faster connections

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
15
Q

What is deepening connections?

A

More people can connect with faraway places, through tourism, foreign food, TNCs

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
16
Q

What’s lengthening connections?

A

Introducing new links between countries that are far apart

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
17
Q

How have connections been lengthened?

A

Aviation- long haul flights
Containerisation - standardised shipping unit to trade lots of goods

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
18
Q

How have connections been made faster?

A

Fast internet, social media, WhatsApp, zoom calls

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
19
Q

What’s the shrinking world conecept

A

Physical distance between places has remained the same, but technology has allowed time to be reduced. So the shrinking world is the idea that there has been space-time compression.

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
20
Q

Who invented containerisation

A

Malcom McLean

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
21
Q

How has containerisation increased globalisation

A

Increases the scale of transport, and provides a standardised unit. So goods can be traded between countries at a faster rate.

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
22
Q

How has ICT development increased globalisation?

A

Businesses around the globe can connect instantly through phone calls, emails and texts

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
23
Q

How have global organisations increased globalisation?

A

They encourage global trade and provide loans for LICs

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
24
Q

How has improved air transport increased globalisation?

A

Allows for more people to travel through budget airlines like easyJet, so culture can be shared easily between countries and tourism can thrive

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
25
Q

How have trading blocs increased globalisation?

A

They have improved relationships between countries and encouraged free trade. They remove barriers for brands to grow and trade freely.

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
26
Q

What is FDI?

A

Foreign direct investment - when one country invests in another, can be through finance, education or infrastructure.

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
27
Q

What are IGOs?

A

Intergovernmental organisations- organisations created by global powers to make decisions about the economy or environment. For example, the World Bank, WTO and IMF.

28
Q

What is offshoring?

A

When a TNC moves part of its production to another country to save money on labour and land

29
Q

What’s outsourcing?

A

Other countries are given contracts to complete parts of production

30
Q

What are barriers of trade?

A

Laws and regulations that discourage trade and encourage protectionalism

31
Q

What’s a tariff?

A

Taxes placed on imported goods

32
Q

What are quotas?

A

Limits placed on the number of goods that can be imported from different countries.

33
Q

Whats embargo?

A

Bans on goods being imported

34
Q

What’s a trade bloc?

A

A group of countries that group together to improve economic interests and trading patterns. They ensure that it is more expense to import goods, so customers buy from trade blocs.

35
Q

What are the advantages of trade blocs?

A

Create a bigger market to sell to
More efficient production, so there are more goods to sell

36
Q

What is the main disadvantage of trading blocs?

A

Countries lose independence and become interdependent on other countries within their trading blocs

37
Q

What are examples of trading blocs?

A

EU, NAFTA, ASEAN

38
Q

When was the EU formed?

A

1993

39
Q

When was ASEAN formed?

A

1967

40
Q

Who are the world’s top 3 biggest exporters?

A

China, USA and Germany

41
Q

What’s an SEZ?

A

Special Economic Zone - an area that has different economic regulations, like reduced taxes, to encourage foreign investments

42
Q

What is evidence of Chinas Open door policy?

A

TNCs are able to invest in some Chinese sectors
FDI from china is over 1 billion dollars in the last ten years

43
Q

What is evidence of china being closed door?

A

Only 34 foreign films allowed to be shown yearly
Google and Facebook have limited access to chinas market
TNCs have strict controls

44
Q

How can countries attract FDI?

A

Cheap/free land, job opportunities, worker training, improved internet, guaranteed electricity/clean water, low taxes, relaxed environmental regulations, access to raw materials

45
Q

What are the two globalisation indexes?

A

KOF index, AT Kearney index

46
Q

What are the indicators in the KOF index?

A

Economic, social, political

47
Q

What are the indicators for the AT Kearney index?

A

Economic, personal, technological, political

48
Q

What are some characteristics of a switched on country?

A

Wealth, TNCs, political stability, large coastline, educated population, natural resources

49
Q

What are some characteristics of a switched off country?

A

political instability, landlocked, poor healthcare, natural disasters, colonialism, lack of transport links

50
Q

Is the Gambia considered switched on or off?

A

Off

51
Q

What social factors cause Gambia to be switched off?

A
  • 40% literacy rate
    -75% rely on primary sector
    -160th highest HDI
52
Q

What environmental factors cause the Gambia to be switched off?

A

Very small coastline, no natural resource deposits, small country

53
Q

What economic factors cause the Gambia to be switched off?

A

Reliant on international aid, money generated by TNCs doesn’t stay in the country

54
Q

What political factors cause the Gambia to be switched off?

A

Only gained independence from the UK in 1965

55
Q

Is India switched on or off and what evidence is there?

A

switched on - contributed 16% to economic growth globally in 2023, good international connections

56
Q

Is the Sahel region switched on or off?

A

Switched off

57
Q

What causes the Sahel to be switched off?

A

all countries are landlocked, all are low GDI, high levels of corruption, harsh desert climate

58
Q

Is North Korea switched on or off?

A

Off- it’s a one party system that is politically isolated, no internet access

59
Q

Is singapore switched on or off?

A

On

60
Q

What causes singapore to be switched on?

A

High GDP growth, technology attracts TNCs and FDI

61
Q

What is the global shift?

A

The movement of manufacturing work from Europe and USA towards the east (Asia)

62
Q

What factors lead to the global shift?

A

trade liberalisation, looser environmental restrictions, cheaper land, cheap labour (less worker rights), SEZ

63
Q

Is China a winner or loser of global shift? why?

A

Winner- has caused many benefits like infrastructure, reduction in poverty, better education

64
Q

What are the costs of global shift in China?

A

Loss of farmland, exploitation of resources, loss of biodiversity, pollution

65
Q

How does Coca Cola negatively affect the countries it’s located in?

A

-In India, there has been an increase in pollution since Coca Cola was in the country
-Working conditions are harsh, with minimum wage violations and few workers rights

66
Q

How has Coca Cola positively affected the countries it’s in?

A

-provides training and education schemes
-in Vietnam, 4000 women were given training and merchandise to begin selling Coca Cola
-community schemes set up in Africa
-jobs created directly and indirectly