Globalisation Flashcards
Globalisation refers to the ____, in the political, economic, cultural and social realms, of nation-states, peoples, businesses and individuals on a worldwide basis.
interconnectedness and interdependence
Economic globalisation refers to the growing importance of ____ networks of production, consumption, trade and finance.
transnational
The exposure to economic ____ from globalisation have had great implications for NZ.
pressures
One such consequence has been an increase in economic ____, in that the wealthy have benefited from globalisation while the poor have suffered as a result.
inequality
This essay will discuss ways in which ____ has effected low-income NZers.
economic globalisation
Firstly, economic globalisation has caused a reduction in employment availability and income for many ____ class people of NZ.
working
One of the key features of economic globalisation is the ____ corporation.
transnational
These mega companies are not bound to one geographical place, nor are they constrained within one ____; they exist across many such nation-states and at many locations.
nation-state
One of the benefits for such corporations is the ability to ____ work and production to the most cost-effective region.
outsource
Often these cost effective production sites are in ____ countries, even though the goods may be for developed countries.
developing
For NZ workers this has meant a loss of jobs to off-shore companies, as the now transnational companies, that were once NZ based, seek to find ____ sources of production.
cheaper
Or, alternatively, NZ based companies that are yet unable to take advantage of off-shore production are forced to reduce production costs in NZ by ____ wages paid to workers, through wages cuts or reduced work hours, or automating once manual processes.
reducing
Another consequence related to this has been the loss of confidence in ____ employment.
long-term
The ____ concept that was once prevalent in NZ has been replaced by uncertainty and frequent changes of employment by workers seeking better opportunities.
job-for-life
Secondly, for those experiencing poverty and unemployment, economic globalisation has caused a ____ in assistance available from the welfare state.
reduction