Globalisation Flashcards
Define the post fordist model (globalisation world)
Using parts from all countries and importing to maximise profits
Define outsourcing (globalisation world)
Using LEDC’s to manufacture good then importing them to maximise profits
What are two positives of outsourcing? (Globalisation world)
1) Brings about jobs (multiplier effect)
2) The LEDC’s are better off than they began with
What are two negatives of outsourcing? (Globalisation world)
1) The developing world are in no position to negotiate with the TNC
2) TNC’s have no vested interest in the LEDC and will just move if too expensive
What is economic contagion? (Globalisation world)
When economic problems occur in one country and have a knock on effect globally
Outline the economic crash of 2008 (globalisation world)
- Americas sub-prime mortgages
- rates low and the economy grew
- rates increased and houses repossessed
- CDO’s traded globally
- spiral of decline
- jobs lost
- re-capitalisation
Give an example of cultural hybridisation (globalisation world)
Cha-for-tea
Give an example of traditional values (globalisation world)
Ascribed status, collectivist culture, religious
Give examples of modern cultures (globalisation world)
Achieved status, individualist culture and secular society
What does Norberg state? (Globalisation world)
As countries grow wealthier, an educated middle class develops
What is the Arab Spring? (Globalisation world)
Rebellion over the governments control. Citizens were able to over throw dictatorship and gain publicity globally
Who did Somerville study? (Globalisation world)
Boko Haram
How many girls were abducted in Nigeria? (Globalisation world)
284
Define globalisation (globalisation world)
The perceived shrinking of the globe due to increased interconnection
