Globalisation Flashcards
What is globalisation?
“The growing economic interdependence of countries worldwide through increasing volume and variety of cross border transactions in goods and service, freer international capital flows, and more rapid and widespread diffusion of technology’ (IMF)
Who referred to ‘shrinking world’ and the ‘time-space compression’?
Allen, 1995
Allen, 1995
Shrinking world / Time-space compression
Castell, 1996
Information society:
Freer movement of goods, services, capital and sometimes people, across national boundaries
Information society
Freer movement of goods, services, capital and sometimes people, across national boundaries
Castell, 1996
Doreen Massey, 1993
‘Power-geometry’. Does globalisation increase or decrease global inequalities?
Power-geometry
Doreen Massey, 1993
What are the 3 main factors in globalisation?
1) Shrinking world
2) Better communications
3) Ascendency of global corporations
Which theory does globalisation relate to?
Modernisation theory
Name some of the globalisation processes of great significance to poverty alleviation or exacerbation
trade finance aid migration ideas
When did Asian globalisation begin taking place?
Pre-15th century
When do economic historians date the first modern era of globalisation to?
Approx 1870
Pre-15th century
Asian globalisation began taking place
Approx 1870
Economic historians date the first modern era of globalisation
When did the second modern stage of globalisation begin?
End of WWII