Globalisation Flashcards
Globalisation
The flow of the people capital and culture
Transnational
A cooperation or enterprise that manages production establishment or delivers services in a at least two countries
Globalisation (lengthening )
New links between places that are greater distances apart
Globalisation (deeper)
More people’s lives connect with far away places - cheaper travel and purchasing commodities
Types of flows
People Goods Commodities Capital Information
Means of flows
Trains
Fibre optics
Bank networks and social media
5 main drivers of 21st century
Mobile phones , internet , social networking and electronic
World trade organisation
Agrees on trade rules 123 countries agreeing to reduce tariffs and agriculture subsidies
United Nations
Promotes peace and cooperations to work together
Containerisation
A system of transporting goods in string , standardised steel containers