Globalisation Flashcards
what is the frictional effect of distance/distance decay
suggests that areas that are closer together are more likely to interact, whereas areas further away are less likely to interact with each other.
what effect has globalisation had on the frictional effect of distance
it has reduced the frictional effect of distance
what reduces the effect of the frictional effect distance
globalisation
what is globalisation
the increasing interconnectedness and independence of the world economically, socially, politically and culturally
what are the main economic features of globalisation
trade
investment
financial markets
TNC’s
what are the main political features of globalisation
global governance
diplomacy
conflict & military intervention
what are the main social & cultural features of globalisation
media
migration
food, traditions (etc)
spread of ideas e.g. democracy
NGO’s
global action e.g. against child labour
what is time space compression
how places become closer through increased global connectivity
what did Marx mean when he referred to the annihilation of space by time
by connecting places the space-time concept will be removed e.g. by building railways.
what was Harvey’s definition of space-time compression
the acceleration of economic activities leads to the destruction of spatial barriers and distances
what are the six interlinked factors important for the acceleration of globalisation
transport
containerisation
global brands
technology
social media
decentralised manufacturing (global shift)
how does transport factor towards the frictional effect of distance
as transport systems are developed and improved the frictional effect of distance is reduced
what happens when transport systems become more developed
passenger travel and tourism increases so new transport methods are put in place and new paths are created, bringing destinations closer
what is containerisation
a system of freight transportation and sea shipping that has reduced costs of moving goods around the place
how is containerisation been adapted for economies of scale
containers have standard dimensions which means they can be handled anywhere in the world, Ships and port equipment adjust to handling them with optimum efficiency and economies of scale