Globalisation Flashcards
Define globalisation
Increased mobility of goods, services, labour, technology and capital, as well as political systems across geographical boundaries
Give an example of economic globalisation
Growth of MNCs accelerate cross-border exchanges of raw materials, components and trade
Give an example of political globalisation
Global governance institutions e.g. World Bank to harmonise global economy
Give an example of cultural globalisation
Successful Western cultural traits dominate area e.g. Americanisation of Masai Mara
Give an example of social globalisation
International migration has created family networks across borders
Define glocalisation
The merging of local cultures, ideas and attitudes with globalising influences e.g. McDonalds in Bali serving rice
Is globalisation increasing?
- Political events in US and UK, in 2016, indicate people are turning their backs on globalisation
- Migration and trade agreements influenced vote