Globalisation Flashcards
what is the definition of globalisation?
deepening and widening of global connections, interdependence and flows.
what types of globalisation are there?
- demographic globalisation
- economic globalisation
- cultural globalisation
- political globalisation
- environmental globalisation
what is an example of cultural globalisation?
118 countires have mcdonalds
what is an example of political globalisation?
The G8
- group of 8 countries making global decisions
what is environmental globalisation?
increasing prevalence of global environmental issues, eg. climate change
- countries have environmental issues caused by others
what is the shrinking world?
- the world is becoming more and more connected
-Pre-1800s- goods and info transported by ships and horses
-1800s- goods and info transported by steam bats and trains
-1900s- goods and info transported by air travel
-Now- info transported by the internet
How did transport accelerate globalisation?
-Containerisation- standardisation of shipping containers in the 1960s making it easier and cheaper to transport goods.
How did TNC’s accelerate globalisation?
-TNCs have invested in others in other countries and built links between the places they manufacture and where they sell their goods
- statistics:
today: 63,000 parent companies and 690,000 subsidiaries
How has computers and internet technology accelerated globalisation?
manufacturing can be doe in diverse locations and can be coordinated easily from a central headquarters.
Has also created ‘the digital economy’
- estimated to be worth $1.5 trillion in 2015
-Massive companies take away profit from smaller businesses
How have international organisations accelerated globalisation?
-UN keep peace between trading companies
world bank provides loans for developing countries
