Globalisation 3.1-3.3 Flashcards
Globalisation
The widening and depending of global connections, interdependence and flows of commodities, capital, information, migrants and tourists.
5 dimensions of globalisation
Cultural - McDonaldisation Economic - growth of TNCs Political - the G8, big democracies Environment - climate change Social - global improvements
Lengthening of global connections
The connections are lengthening because new links are growing between places that are far apart
Deepening of global connections
The world is becoming more deeply interconnected - connecting with every person
It is no longer just the rich that are able to live globally
5 examples of global connections
Commodities Capital Information Migrants Tourists
Shrinking world
This idea has come about due to developments in technology, communication and travel. It allows places around the world to seem more accessible than ever before
3 improvements in transport
Steam power in the 1800s helped move goods and armies
Containerisation - ships transport over 90% of our goods
Aircraft - by value, 15% of our goods are flown and jet engines are becoming more efficient
4 technological advances in the last 100 years
Telephones
Internet
Air travel
GIS and GPS
Telephone development advantages
Instantaneous communication
This has allowed TNCs to set up in more than one country
It has allowed developing nations to leap frog in advancement
Telephone development example
BT Call centres can be located worldwide
This allows the company to find cheaper labour overseas
Internet development advantages
It has allowed the quick transfer of information
It has allowed employees to work remotely and to transfer information quickly via email
Internet development example
Disney are able to produce films all around the world simultaneously
Music companies etc. Can email recordings internationally
Air travel development advantages
Aerospace technology has made planes much faster and more quickly built
Bigger planes = more passengers = more tourists
Air travel development example
EasyJet have pioneered low cost mass air travel
Their Airbus A380 can carry 550 people
GIS/GPS development advantage
24 hour global positioning systems collect data at all times
This allows broadcasting of location also
GIS/GPS development example
GPS has generated $1.4 trillion in economic benefits for the United States since the 1980s
This is because its precise technology supports finance, communications and electricity systems
Many people rely on it day to day
BRICs
Brazil
Russia
India
China
Consumer societies
A society in which the buying and selling of goods and servies is the most important social and economic activity
Cultural erosion
The process of a culture losing many of its core elements
This is often due to the arrival of a new culture replacing it
Cultural imperialism
The practice of promoting one culture/language of one nation over another
It’s usually a large, powerful nation enforcing it on a smaller, less affluent one
Deindustrialisation
The decline of regionally important manufacturing industries
Diaspora
The dispersion or spread of a group of oriole from their original homeland
Ecological footprint
The measurement of the area of land and water required to provide a person/society with the energy food and resources they need to live
Elite international migration
Highly skilled or socially influential individuals that move to a new location
They are often welcomed by governments as they are highly skilled and wealthy
Eg Russian oligarchs in London
Enclave
A group of people surrounded by other groups of entirely different people
Ethical purchasing
A financial exchange where the consumer has considered the social, environmental costs of production for food, goods or services purchased
Food miles
The distance a food travels from a farm to the consumer.
FDI
Foreign Direct Investment
A financial injection made by a TNC into a nation’s economy, either to build new facilities (factories or shops) or to acquire/merge with an existing firm
G7
A group of 7 that are an inter-governmental political forum
Canada, France, Germany, Italy, Japan, the UK and the US
Global hub
A settlement or region that has become a focal point for activities with a global influence such as trade, business, education or research.
Unlike a megacity, a global hub is recognised for its influence rather than population size
Global production network
A chain of connected suppliers of parts and materials that contribute to the manufacturing/assembly of goods
Serves the needs of TNCs
Global shift
The relocating of the global economic centre of gravity FROM Europe and North America TO Asia over the last 30 years
Glocalisation
Changing the design of products to meet the local tastes/needs/laws
Strategy by TNCs to conquer new markets
GDP
Gross Domestic Product
A measure of the financial value of goods and services in an area - including foreign firms located there
Divided by population size for per capita to make good comparisons
IMF
International Monetary Fund
Interdependency and example
Places that are over reliant on financial and/or political connections with another
Eg. An economic recession in a host country for migrant workers makes the economy of the source country shrink due to falling remittances
Local sourcing
Buying consumer goods from the local area rather than importing goods from overseas
Low wage international migration
Buying consumer goods from the local area rather than importing products from overseas