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Edexcel A Level Geography > Globalisation > Flashcards

Globalisation Flashcards

1
Q

IMF Definition of globalisation?

A

The increasing integration of economies around the world particularly through the movement of goods, services and capital across borders. There are also broader cultural, political and environmental dimensions of globalisation

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2
Q

Global flows definition

A

the connections between places around the world

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3
Q

What are capital flows?

A

(money) routed daily in the world’s stock market. Businesses buy and sell money of different currencies to make profits. In 2013 the value of these foreign exchange transactions exceeded US$5 trillion per day.

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4
Q

What are commodity flows?

A

Valuable raw materials have always been traded. Flows of manufactured goods have now increased.

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5
Q

What are information flows?

A

the internet has brought real-time communication between distant places, allowing goods and services to be bought at the click of a button. Also, social media, on demand TV.

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6
Q

What are tourist flows?

A

Budget airlines have brought a ‘pleasure periphery’ of distant places within easy reach of tourists from high-incomed nations. Increasingly people from emerging economies travel abroad too.

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7
Q

What are migrant flows?

A

of all global flows the movement of people still faces the biggest challenge – number of obstacles!

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8
Q

What is the combined effect of increasing flows?

A

Places have become more interconnected

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9
Q

What is the impact of increased interconnection in places?

A

Increased interdependency

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10
Q

What is depth of globalisation?

A

the sense of being connected to other people and places in our daily lives

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11
Q

What is speed of globalisation?

A

how quickly are we able to connect with other people and places

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12
Q

What is length of globalisation (and how has it changed)

A

connections between people and places have now lengthened with products being sourced from further away than ever before

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13
Q

How has globalisation changed over time?

A

Globalised processes have been operating for millennia, but the extent and importance of these global connections are sufficiently significant to allow us to look at “Globalisation” as a new process.

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14
Q

What is time-space compression?

A

the increasing sense of connectivity that seems to be bringing people closer together even thought their distances are the same

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15
Q

Shrinking World definition

A

Thanks to technology, distant places start to feel within reach

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16
Q

Containerisation definition

A

Large-capacity storage units which can be transported long distances using multiple types of transport, such as shipping and rail, without the freight being taken out of the container

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17
Q

What key factors have influenced globalisation?

A 
Improvements to travel
Expansion of TNCS
Expansion of Markets
Oil Money
Tourism
English
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18
Q

How does expansion of TNCs accelerate globalisation?

A

Bring cultural & economic changes to places where products are made & consumed
Expansion into new territories to make / sell products

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19
Q

How does expansion of markets accelerate globalisation?

A

more and more people can afford to be significant consumers of goods and services – and are aware of possibilities

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20
Q

How does oil money accelerate globalisation?

A

High oil prices in 1970s created wealth in OPEC countries which then loaned money to LEDCs to kick start industrialisation

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21
Q

Positive consequences of social and economic grouping of nations?

A

International understanding brings a greater chance of peace
Removal of trade barriers increases trade and the economy
Remote regions with countries receive support from the larger grouping
People can work and move between countries more easily

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22
Q

Negative consequences of social and economic grouping of nations?

A

If decisions become centralised, sovereignty may be lost
There may be pressure to adopt central legislation
Some economic sectors may be negatively effected by having to share resources
Financial control may be lost if there is a central authority overseeing monetary policy

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23
Q

Examples of Economic grouping

A

OECD
World Bank (international)
IMF (international)
OPECs

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24
Q

Examples of trade groupings

A 
NAFTA
WTO (international)
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25
Examples of Political groupings
UN | NATO
26
Foreign Direct Investment (FDI) definition
A financial injection made by a TNC in to a nation’s economy either to build new facilities or merge with a firm already there
27
Tarriffs definition
Taxes paid when importing or exporting goods and services between countries
28
Quotas definition
A limited quantity of a particular product which under official controls can be produced, exported, or imported
29
Trade liberalisation definition
 the removal or reduction of restrictions or barriers on the free exchange of goods between nations
30
When was the World Bank and IMF Formed?
1944
31
What is the role of the World Bank and what does it do?
Its role was to be a bank to finance development | Loans money, and gives direct grants
32
What is the role of the International Monetary Fund and what does it do?
Its aim was to stabilise currencies | Wealthy countries contributed money to it which could then be loaned out to help countries in debt
33
When was the World Trade Organisation formed?
1995, succeeding the 1947 GATT
34
What is the role of the World Trade Organisation and what does it do?
It deals with the rules of global trade, aiming to ease trade and make it fairer
35
Who are players?
Individuals, groups and organisations involved in making decisions about globalisation processes
36
Free-Market Liberalisation/Neoliberalism definition?
Restrictions being lifted on the way companies and banks operated.
37
Privatisation Definition
The transfer of ownership of property or businesses from a government to a privately owned entity
38
Ways of encouraging business start ups?
Low taxes, changes in laws etc.
39
What is a trade bloc?
Voluntary international organisations that exist for trading purposes, bringing greater economic strength and security to the nations that join.
40
What are the typical characteristics of a trade bloc?
A free trade agreement. Voluntary agreement involving co-operation between sovereign states. Area promoting free movement of goods and can also be free movement of people and capital. Internal tariffs removed, common external tariffs.
41
What are the benefits of trade blocs?
Market growth Firms that have an advantage should prosper Enlarged markets increase demand Smaller national firms can merge to form TNCs
42
What are disadvantages of trade blocs?
Some companies/regions are excluded and left behind, for example Africa
43
How many people are in the EU?
500 million
44
What percentage of the world's wealth does the EU generate?
30%
45
What is the population of the ASEAN group?
600 million
46
Is globalisation an automatic outcome of ‘shrinking world’ technologies?
No Not everywhere has the population density or market potential to attract foreign investors. Demographic and economic disparities can results in places being ICY ‘have nots’ as part of a digital global divide. Political factors – barriers to flows e.g. some imports can threaten nation’s own industries This is why organisation such as the TWO, World Bank and IMF are needed
47
What is the key reason for accelerating globalisation outside of Europe and NA?
Changing government attitudes (China, India and Indonesia have all embraced globalisation)
48
What is an SEZ?
An industrial area, often near a coastline, where favourable conditions are created to attract foreign TNCs. These conditions include low tax rates and exemption from tariffs and export duties.
49
What are the benefits of SEZs?
Increase economy and employment levels
50
What was China like before 1978?
a poor and politically isolated country, ‘switched off’ from the global economy Millions had died from famine and most people in rural areas lied in poverty
51
What happen in 1978?
Deng Xiaoping came to power and began a series of radical ‘open door’ reforms to embrace globalisation whilst remaining under one-party rule
52
How was FDI encouraged in China, 1978?
by providing government subsidies, establishing special economic zones and developing transport infrastructure
53
What factors encourage FDI?
``` Wage rates Labour skills Size of economy and population Political stability Raw materials Physical location and features ```
54
How did China encourage FDI?
Providing government subsidies Establishing special economic zones Developing transport infrastructure
55
How many foreign films are allowed in China per year?
Only 34
56
What does it mean if a country is switched off from globalisation?
They lack any strong flows of trade and investment with other places and economies
57
Why are some countries switched off?
Physical factors - land locked Politics Lack of technology
58
How many dimensions does the KOF index measure globalisation?
3
59
What are the dimensions the KOF index measures?
Social, economic and political globalisation
60
What is social globalisation?
the spread of ideas, information, and people. This includes telephone traffic, TV sets owned, tourism, migration and the number of McDonalds
61
What is economic globalisation?
measured through trade and FDI
62
What is political globalisation?
measured through the membership of international organisations (eg WTO), number of political embassies and political cooperation.
63
Advantages of the KOF index?
A wide range of globalisation data that is available Allows for comparisons between countries Uses a weighting system that takes into account missing data and rebalances discrepancies Used since 1970
64
Disadvantages of the KOF index?
Bias - smaller countries are over-represented at the top (Belgium) The internet skews data (libraries and online bookstores) Informal economies are discounted Illegal migrants not included Are those at the top ‘better’ than those at the bottom? Does globalisation always bring benefits?
65
Who are the most globalised countries (according to the KOF index)
Ireland, Netherlands and Belgium
66
What does the AT Kearnery Index Measure based on?
Business activity Cultural experience Political engagement FDI, Internet and Telephone Traffic is weighted double
67
Advantages of the AT Kearney index?
It covers 96% of worlds GDP It covers 84% of worlds Population Allows for comparison between countries Allows for comparison over time
68
Disadvantages of the AT Kearney Index?
Only 64 Countries are included in the index Weightings – who decides? How do you measure cultural experience?
69
Why have TNCs grown?
due to cheap and efficient global communication networks which have allowed organisations to control the activities of dozens of affiliates via one head office
70
Out of the 100 largest economies in the world how many are cooperations?
51
71
What is the revenue of the top 500 US cooperations equal to?
60% of the country's GDP
72
Positive impacts of TNCs?
Raised living standards Technology transfer Political stability Higher environmental standards
73
Negative impacts of TNCs
Tax avoidance Growing global inequality Environmental degradation Unemployment
74
Global shift definition
The internal relocation of different types of industrial activity, especially manufacturing industries
75
Deindustrialisation definition
The decline of regionally important manufacturing industries. The decline can be chartered either in terms of workforce numbers or output and production measures.
76
How has the UK's economy changed overtime?
Gradually transitioned from primary industries (farming) in 1800s to industry work in 1900s and onto service industries in the 20th century, and now to Quaternary industries
77
What is a megacity?
A mega city is a metropolitan area with a total population in excess of 10 million people
78
What is a world city/global city?
A city with major political and economic power E.g. New York
79
How has the amount of megacities changed?
1970 - just 3 | 2020 - over 30
80
What has caused megacity growth?
Natural increase (high birth, low death rates) 60% Rural Urban migration (30 %) how land is being reclassification from rural to urban (10%)
81
Core definition
area with most economic activity and development and therefore is the most prosperous
82
Periphery definition
area of low or declining economic development
83
What are global hubs?
are switched-on places possessing qualities that make other places want to connect with them.
84
What makes a global hub develop?
``` Natural resources (coastline, oil, physical factors) Human resources (skilled labour, large labour, language) ```
85
How is the UK interdependent?
Some sectors of the UK economy are highly dependent on Eastern European labour, as is Eastern Europe for the remittance (money)
86
Benefits of migration for host country
Fills shortages Migrants willing to do work others won't Migrants spend money on rent and tax etc Some are entrepreneurs
87
Costs of migration for host country
Social tensions Local shortages of school places New markets can develop for ethnic food Loss of culture
88
Benefits of migration for source country
Remittances (accounted for 25% of Nepal's earnings in 2014) Migrants may return with new skills Some government spending is transferred
89
Costs of migration for source country
Economic loss of working demographic Reduced economic growth Demographic imbalance Closure of universities and services, lower QofL
90
What are the different types of cultural traits?
``` Traditions Language Food Religion Clothing ```
91
Democracy McDonalisation definition
the principles of the fast-food restaurant dominating more and more societies around the world: Efficiency, Calculability, Predictability, Control
92
How do TNCs influence a global culture?
Social media reach, wealth, employees, political power, interdependence
93
What is at the core of development?
Economic growth, technology and enterprise
94
What is the outercasing of globalisation?
Many different strands representing different aspects of growth
95
Who are are the winners and losers in the multi-speed world?
Developing countries lose more, but ultimately environmental degradation negatively effects everyone
96
How is wealth divide changing?
Increasing
97
What does the Gini coefficienct measure?
inequality within countries – an index with values between 0 and 100. A value of 0 means everyone has the same income, where as 100 means high income inequality.
98
What does a Lorenz curve show?
how much inequality exists in a situation.
99
How is tensions increasing across Europe?
increasing support for right wing nationalist parties is a trend seen across much of Europe
100
How does the spread of globalisation increase tensions?
People are more exposed to other cultures, which can cause worry in populations
101
How can globalisation be reduced/controlled?
Censorship - China Limiting Migration - Australia Trade Protectionism Maintaining Cultural Identity
102
What are the proposed developments at Jumbo Valley?
``` 23 ski lifts 1300 private residences Shopping malls, clubs etc. 6000+ hectares of public space turned into year-round European style resort Costing $450m ```
103
How does globalisation cause water insecurity?
food production also depletes water supplies. Animals and crops are water intensive activities. Problems – increasingly popular global commodities e.g. chocolate, wine, and coffee have a high water footprint. Also urbanisation is causing water use to increase.
104
How does globalisation cause energy insecurity?
a 50% increase in global energy use is expected by 2035. Problem – unless significant development in alternative fuels and nuclear occurs, dirty fossil fuels will continue to provide majority of this. Scars local landscapes and threatens transition to clean energy economies.
105
How does globalisation cause climate insecurity?
global diffusion of manufactured items has increased the average carbon footprint. Temp rise of at least 2 degrees now seems inevitable.
106
What are the aims of localism?
``` Encourage ethical consumption Buy locally (reduced food miles) ```
107
What are the aims of transition towns?
Basically taking localism a step further
108
What is a transition town?
a settlement where individuals and businesses have adopted ‘bottom-up’ initiatives with the aim of making their community more sustainable and less reliant on global trade.
109
Ecological footprint definition
A crude measurement of the area of land or water required to provide a person (or society) with the energy, food and resources needed to live, and also to absorb waste
110
What can be done to reduce the impact of globalisation on the environment and people?
Ethical consumption and recyling

Edexcel A Level Geography (8 decks)

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