Globalisation Flashcards
What is Globalisation?
The increasing connectivity between countries around the world through the movement of commodities, services, capital and ideas
What are the 4 ways people and countries have become more connected?
- Economic Globalisation
- Social Globalisation
- Political Globalisation
- Cultural Globalisation
Economic Globalisation:
Increase of TNCs, information and communications - technology
Social Globalisation:
International migration, improvements in education, healthcare/social interaction
Political Globalisation:
The increase in trading blocs, free trade, global organisations (i.e. the world bank, IMF etc)
Cultural Globalisation:
Western cultural activities dominating in some areas, Glocalisation, increasing speed at which ideas are circulating
What are TNCs?
Companies who operate in many countries producing and selling goods & services
Define Glocalisation?
Changing the design of products to meet local tastes or laws
What are trading blocs?
A group of countries/organisations that work together for trading purposes
What are the different types of network flows of movement?
Capital: Money flows through the worlds stock markets
Commodities: Valuable raw materials, (fuel, fossil fuels etc) are traded
Information: (i.e. internet) which allows live time communication
Migrants: Movement of people
Tourists: Budget airlines have made it possible for people to travel further afield
Transport and trade developments:
- Some improvements in transport has increased the value and amount of trade
- Countries make profit through trading, they can then use this capital to invest in improving transportation
Steam ships:
- Britain became the leading world power in the 1800s
- Steam ships/trains moved goods/armies quickly along trade routes into Asia and Africa
Railways:
- 1800s railway networks expanded
- By 1904 Trans-Siberian railway connected Moscow with China and Japan
- Railway building remains a priority for governments today
- The proposed high speed 2 railway will have some journey times
Jet Aircraft:
- The intercontinental Boeing 747 made international travel more commonplace
- EasyJet (cheap flights sector) has brought travel to increase massively
Container shipping:
- Around 200 million individual container movements take place each year
- Goods can be transported efficiently and rapidly across the globe (using intermodal containers)