Globalisation COPY Flashcards
what is globalisation ?
it involves widening and deepening global connections, interdependence and flows through commodities, capital, information, migrants and tourism
what is glocalisation?
adapting your product to meet the demand of your local market
what are the 4 stems of globalisation?
economic
social
political
cultural
explain economic globalisation
- the growth of TNCs accelerates cross-border exchanges of raw materials, components and shares
- ICT supports the growth of complex spatial divisions of labour for firms and a more international economy
- online purchasing using amazon on a smartphone
explain social globalisation
- international immigration has created extensive family networks that cross national borders, world-city societies become multi-ethnic and pluralistic
- global improvements in education and health can be seen over time, with rising life expectancy and literacy levels, although the changes are no means universal
- social interconnectivity has grown over time thanks to the spread of ‘universal’ connections such as mobile phones, the internet and email
explain political globalisation
- the growth of trading blocs (EU, NAFTA) allows TNCs to merge and making acquisitions of firms in neighbouring countries, while reduced trade restrictions and tariffs help markets to grow
- global concerns suc has free trade, credit crunch and the global response to natural disasters
- the world bank, IMF and the WTO work internationally to harmonise national economies
explain cultural globalisation
- ‘successful’ western culture traits com to dominate in some territories, e.g. westernisation, the ‘mcdonaldisation’ of tases and fashion
- glocalisation and hybridisation are a more complex outcome that takes places as old local cultures merge and meld with globalising influences
- the circulation of ideas and information has accelerated thanks to 24 hour reporting, people also keep in touch using virtual spaces such as facebook and twitter
explain the interdependence that is brought through globalisation
- this means that the success of one place depends on the success of other places
- economic problems in one country can quickly spread to its trading partner and quickly affect people in distant places, e.g. the German DAX (stock market) lost 1.2% within minutes after the 2011 tsunami
what are the 5 flows that result from globalisation?
commodities toursim capital information migration
explain the flow of commodities in globalisation
- these are things being sold and bought within different countries
- it is the flow of goods
explain the flow of tourism in globalisation
- improvements in aircraft made trips quicker and cheaper
- low-cost airlines have raised aspirations
- emerging nations are travelling more than ever, westernisation
explain the flow of migration in globalisation
- the most restricted flow unless there is deemed to be a need
- if there is a need for a person with your job they will accept you
- brain drain vs brain gain
- impact of remittances
explain the flow of information in globalisation
- goes to the cloud
- real time communication
- buying at the click of a button
- information exchange and access 24/7 via the internet
explain the flow of capital in globalisation
- money, global capital flows through global stock markets
- companies buy and sell currency to make a profit
- these companies can be investment banks or TNCs
- moves in a data sense, fibre optics
explain the role of planes in globalisation
- cultural globalisation, the movement of people
- movement of knowledge
- they have accelerated globalisation as it has allowed people to move all over the world, easier and quicker, they have contributed to the ‘shrinking world’
what is intermodal containerisation?
standardised sized containers that can be transported by lorry, train and ships. this is a capital-intensive process and is very efficient as the products are not unloaded.
what does modern globalisation involve?
- a lengthening of connections between people and places
- a deepening of connections with the sense of being connected to other people and places penetrating into almost every aspect of life
- faster connections, talk to people in real time, using new technologies, travelling quicker
what are the developments in transport and trade in the 19th century?
- railways
- telegraph
- steam ships
what are the developments in transport and trade in the 20th century?
- jet aircraft
- containerisation
explain the development of railways
- in the 1800s, railway networks expanded globally, today railway buildings remain a priority for governments across the world
explain the development of telegraph
- first telegraph cables were laid across the Atlantic in 1860s which allowed for almost instantaneous communication and revolutionised how businesses operate
- the transatlantic telegraph cable in the 1960’s replaced a 3 week boat journey with instant morse code nmessages
explain the development of steam power
in the 1800s, Britain was leading the world in the use of steam technology. this allowed the British to move their goods and armies very quickly into key areas like Africa and asia
explain the development of jet aircraft
- newer and more efficient aircraft have allowed goods to be transported quickly between countries
- increasing competition between affordable airlines has led to more people being able to travel abroad, arrival of the intercontinental jet aircraft in the 1960s
- the Boeing 747 introduced I the 1960s lowed the cost of international air travel, bringing international tourism within the purchasing capabilities of the middle class
explain the development of containerisation
- the ‘backbone’ of the global economy since the 1950s, with around 200 million individual container movements taking place each year, lowering costs of transport is beneficial for businesses and customers
- process is easily mechanised, containers are unload by crane, increasingly automatically. previously it was loaded manually in crates or stacks, much quicker
- dramatically sped up goods trade and reduced costs, making consumer goods cheaper , dramatically lowered the costs of ‘break bulk cargo’ (when products have to be loaded individually) as there is less time spent when products change transport type (e.g. at. dock = more trade = cheaper)
- container ships are so efficient that the transport costs of moving an iPhone or television form china to the uk is less than £1.
- shipping cost reduced as fewer days are wasted queuing at a port waiting to unload, faster transport times increase the distance perishable products can be transported, e.g. cut flowers from Kenya, opening up more distant markets and reducing losses.