Globalisation Flashcards
(73 cards)
Define globalisation
Increased integration of economies around the world (movement of goods, services, and capital/money across borders).
Connections are deepening
More people’s lives connect with far away places
Connections are lengthening
New links between places that are greater distances apart
Connections are faster
Faster speed of connections with people able to talk one another in real time or travelling quickly between continents
Telephone/ telegraph contribute to shrinking world
3 week boat journey is now an instantaneous connection
Conduction for business was made easier and faster
Broadband + fibre optics contribute to shrinking world
Enormous flows of data are conveyed across the ocean floor
1 million kilometres of flexible underwater cables transfer the data
Internet contribute to shrinking world
Now connectivity between people and places has grown
1960s- way of linking important research computers (in a handful of locations)
GIS + GPS contribute to shrinking world
Growth of global production networks
Continuously broadcast position and time data to users throughout the world
24 situated 10,000km above the Earth
EasyJet
Helped create global networks by having cheap flights to numerous cities
Has 300 flight routes within the EU and several that extend to Egypt, Morocco, Turkey and Israel
Connected global cities there via there flight network
Costs of easyJet
More flights are happening so there is more pollution. If city added to flight network more people visit which could lead to a more tourist area
Benefits of easyJet
People get affordable travel
More people can travel
EasyJet technology
Online booking, GPS
Economic globalisation
Allows managers to keep in touch with those in different offices
Helped TNC’s expand into new territories (make or sell products)
When scan barcode an automatic adjustment is made
social globalisation
maintaining of long distance relationships through ICT use is a factor that supports migration
cultural globalisation
language or music has been adopted, imitated and hybridised faster that ever before
political globalisation
social networks are used to raise awareness about political issues and to fight for change on a global scale
gain new recruits
spread their message online
tariff
a tax imposed on imports
subsidy
financial assistance to a business by government to make it competitive or prevent collapse
quota
a limit on the quantity of a good of a country allows into the country
protectionism
policies to protect businesses and workers in a country by restricting/ regulating trade with foreign nations
free market economy
a market economy based on supply and demand with little or no government control
free trade
a policy where a government does not interfere with imports or exports by applying tariffs, subsidies or quotas
privatisation
transferring ownership of a public service/ agency/ property into private ownership run for profit
neoliberalism
a political philosophy of free markets, free trade, privatisation and increasing the role of business in society (while decreasing the influence of government)