Globalisation Flashcards
(296 cards)
Definition of globalisation
The widening and deepening of global connections and interdependence through flows of commodities, capital, info,migrants and tourists
What were the three waves of globalisation when the global population and GDP shot up?
Steam ships
Jet aircraft’s after ww2
Electronic communications
How has trade grown?
Exponentially since 1970
How has international internet bandwidth grown?
Exponentially since 2006
Roughly the global flow of information in 2020 will b e 25x what it was in 2010
How has international internet bandwidth grown?
Exponentially since 2006
Roughly the global flow of information in 2020 will b e 25x what it was in 2010
How has direct foreign investment changed?
Most steadily rising in developing economies although there is much just as much in developed countries , the amount just fluctuates more
How have migration rates changed?
Number of migrants to Asia has been growing fast from 2007
Most migrants go to europe, Asia, and north america, but flows to every destination are steadily increasing
What is space-time compression and the shrinking world?
The time taken to travel to places around the world has fallen from a maximum of 40 days to a maximum of over 1.5days
How did steamships accelerate globalisation?
From 1830 to 1955 the time taken to get from Liverpool to New York shrunk from 17days to 3.5days
How did railways accelerate globalisation?
In 1830 there were only a couple of railway lines around NYC
By 1912 there was a dense network around the whole country
How did telegraphs accelerate globalisation?
The worlds first telegraph message was received in London from Paris in 1851
They were real time messages by putting copper wires down on the ocean floor when before it would have taken 72 days to get a letter to sydney
How did the transatlantic telephone service accelerate globalisation?
It started in 1927
Initial capacity was one call at a time at $75 per 3mins
But by 1956 36 calls could be made at once at $12per 3mins
How have unlimited free calls accelerated globalisation?
Internet use has grown from nothing in the mid 80s to now having about 4billion users
Users trebled before from 2006-2016
Capacity became huge and prices tiny when the sipper wore was changed into fibre glass
What are SEZs?
Special Economic Zones
It encourages FDI
It means less tax, tariffs, quotas, and customs, and labor regulations
What are examples of SEZs?
Shantou, Shenzen, Xiamen, and Zhuhai in China
What is ASEAN?
the Association of South East Asian Nations
What are the aims of ASEAN?
1) To accelerate economic, social and cultural progress through equality and partnership
2) Peace and stability through law and the UN charter
3) Assistance through training and research facilities
4) Promote Southeast Asian studies
5) Collaboration to improve agriculture, industry, trade, transport, communication and living standards
What has ASEAN achieved?
A major partner of Shanghai Cooperation Organisation
ASEAN
In 1992, members reduced intraregional tariffs eased restrictions on foreign investment by creating the ASEAN free Trade Area
Adopted a declaration to resolve disputes in South China Sea, established the ASEAN regional forum, and worked to resolve conflict in East Timor
What are the strengths of ASEAN?
peace maintained
Different branches easy to manage as they require little political and diplomatic involvement
Has kept expanding its numbers, keeping it relevant, especially to major powers
What are ways of measuring globalisation?
tourists broadband availability international flights members of IGOs variety of places of worship social media exports and imports (% of GDP) diet variety
What are the weaknesses of ASEAN?
Major powers can threaten or favourite smaller countries within ASEAN
Still mistrust and suspicion between countries with unrestful histories
What is KOF?
Swiss Federal Institute of Technology
What economic factors do KOF use to measure globalisation?
levels of cross-border trade and investment
restrictions on trade
What political factors do KOF use to measure globalisation?
No. of foreign embassies
No. of IGOs
No. of UN peace missions