Globalisation - H Flashcards
what is the frictional effect of distance/distance decay
suggests that areas that are closer together are more likely to interact, whereas areas further away are less likely to interact with each other.
what effect has globalisation had on the frictional effect of distance
it has reduced the frictional effect of distance
what reduces the effect of the frictional effect distance
globalisation
what is globalisation
the increasing interconnectedness and independence of the world economically, socially, politically and culturally
what are the main economic features of globalisation
trade
investment
financial markets
TNC’s
what are the main political features of globalisation
global governance
diplomacy
conflict & military intervention
what are the main social & cultural features of globalisation
media
migration
food, traditions (etc)
spread of ideas e.g. democracy
NGO’s
global action e.g. against child labour
what is time space compression
how places become closer through increased global connectivity
what did Marx mean when he referred to the annihilation of space by time
by connecting places the space-time concept will be removed e.g. by building railways.
what was Harvey’s definition of space-time compression
the acceleration of economic activities leads to the destruction of spatial barriers and distances
what are the six interlinked factors important for the acceleration of globalisation
transport
containerisation
global brands
technology
social media
decentralised manufacturing (global shift)
how does transport factor towards the frictional effect of distance
as transport systems are developed and improved the frictional effect of distance is reduced
what happens when transport systems become more developed
passenger travel and tourism increases so new transport methods are put in place and new paths are created, bringing destinations closer
what is containerisation
a system of freight transportation and sea shipping that has reduced costs of moving goods around the place
how is containerisation been adapted for economies of scale
containers have standard dimensions which means they can be handled anywhere in the world, Ships and port equipment adjust to handling them with optimum efficiency and economies of scale
how do manufacturers lower the unit cost of transportation
they optimise their packaging for containers.
how do TNC’s operate as global brands
they have a recognisable brand that is established and adapted across global regions - a recognisable logo means people can travel and still have familiar features around them.
what does technology do for globalisation
high speed electronic trading systems mean that transactions for imports and exports are quick and secure
what is Moore’s law to do with technology
that we can expect the speed and capability of our computers to increase every two years, and we will pay less for them.
how is technology used in globalisation
satellites and fibre optic cables can carry a large capacity of data at very high speeds around the world.
companies can remotely manage their operations
how does social media affect globalisation
it creates a more immediate method of communication with people far away.
It is quicker to inform people of news and events
what type of raising money does social media allow
crowdsourcing - supporting large numbers of people working together on a task
what is global shift
when manufacturing has shifted from countries in the global north to the global south
what are the reasons for global shift
lower cost of labour and materials
avoid stringent environmental or labour laws
access to new markets through trade blocs
avoid tariff and quotas