globalisation eq2 Flashcards
define globalisation
globalisation is the connection of different parts of the world resulting in the expansion of international , cultural , economic , and political activities . It is the movement and integration of goods and people among different countries.
define global shift
the global shift is the relocating of the global economic centre or gravity from europe and north america over the last 30 years . E.g the shift of manufacturing jobs to china and the shift of services to india
what are advantages of globalisation
- inward investment of tncs - improves economy and provides jobs
- lower costs for products - economies of sale - prices can be smaller
- can learn about new cultures
- higher standard of living across the globe overall as nations develop
disadvantages of globalisation
- TNCS exploit poorer nations because of their cheep labour costs e.g causing sweatshops
- could cause a loss of cultural identity - causes societies to meld together eg western culture has been spread
- globalisation is fuelling inequality
- vast amounts of environmental damage caused by TNCS
opportunities of low wage migration
source - fills unskilled jobs
host- $13 billion dollars sent home
problems with low wage migration
- workers havw received betraying a and are overworked and heated
opportunities with elite migration
10% of all property bought in london in 2014 was russian
disadvantages of elite migration
there has been an increase in property prices in london
impacts of global shift in developing nations water pollution
360 million have no access to safe drinking water in china
in certain parts of asia they have to send aid coz lakes are that polluted
air pollution in developing nations
by 2006 32.8 million in china had lung diseases and 39 million had asthma
750,000 died prematurely annually feom related diseases
50% of respiratory diseases in china are caused by air pollution
what are the impacts of deinudutrialisayin in red car
2200 employees lost their jobs - local businesses and high street shops - spiral decline
workers lose homes and a loss of jobs -breakup in local community