Globalisation Flashcards
Define globalisation
Increasing interdependence between countries through flows of capital, trade, goods and services as well as culture and ideas.
Types of globalisation
Political
global organisations e.g the UN
types of globalisation
Economic
Growth of TNCs which have a global brand image
Spreading of investment around the world.
Rapid growth in world trade
Types of globalisation
Cultural
Diversifying
Similar foods, clothes, music and values
types of globalisation
Environmental
Paris agreements
Pollution affecting other countries
Globalisation increases interdpeendance
Explain
The success of one place depends on the success of other places.
What does globalisation increase the flows of
Goods and services
Capital
People and tourists
Information
Explain containerisation
Process of using large shipping containers to transport goods.
Has changed how freight can be transported internationally.
Huge amounts of products have been loaded onto trains, planes and boats and transported.
What is a positive of containerisation
Makes global transportation cheaper as less trips are needed to transport the same amount of product.