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globalisation eq 1,2&3 > Globalisation (have some paper flashcards on this too) > Flashcards

Globalisation (have some paper flashcards on this too)

1
Q

Sovereign wealth fund and purpose

A

government owned investment funds and banks to diversify revenue scheme

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2
Q

special economic zone and conditions

A

an industrial area, near the coastline, where favourable conditions are created to attract foreign TNCs. Conditions include low tax rate, exemption from tarrifs and export duties

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3
Q

what is required for a special economic zone

A

good infrastructure, subsides, gov support, large, skilled and cheap workforce

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4
Q

Neoliberalism

A

idea that government intervention disrupts economic growth

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5
Q

Privatisation

A

To raise money and reduce gov spending by the transfer of a business, industry, or service from public to private ownership and control - encourages FDI from one business into another country

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6
Q

Start-ups

A

lowering taxes and changing regulations and laws to encourage new businesses

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7
Q

open door policy

A

started by USA about china, encouraging equal privileges for all the countries trading with China
china using strict controls e.g birth n. to curb population growth

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8
Q

China and SEZ

A

china has 550 SEZ’s nowdays and in 1990’s SEZ’s were 50% of chinas wealth

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9
Q

First step of the open door policy china aggreed to

A

set up four special economic zones e.g shenzen with tax incentives to attract foreign business

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10
Q

What was a result of the open door policy in china

A

Has had one of the fastest periods of economic growth in world history, huge numbers of entrepreneurs in china
GDP in 1998 4x higher than in 1980

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11
Q

whats the cumulative causation model

A

model showing that the introduction of a new industry, creates more jobs, an improved workforce, increased demand in services, increased population, increased income and tax, new construction, becoming a growth pole

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12
Q

what are hubs and why are they relevant

A

they are cores that are highly connected, transport and communication usually focuses on these cores, which increases investment and production of goods- globally significant activity is focused on cores

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13
Q

what do upward transition areas benefit from

A

offshoring and outsourcing

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14
Q

what do downward transition areas lose out on

A

FDI, due to negative impact of offshoring and outsourcing

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15
Q

What is the KOF index and whats its purpose

A

its a measure of globalisation and is used to identify trends

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16
Q

What is KOF index made from

A

economic, social, political globalisation

17
Q

What is A T Kearney index made from

A

-political engagement(participation in treatys, peacekeeping etc) -technological connectivity (number of users, servers etc)
-personal contact (telephone calls, travel, remittance payments)
-Economic intergration (volume of international trade and FDI)

18
Q

difference between KOF and AT Kearney

A

A T Kearney uses more holistic indicators and includes a ranking based on a weighting system

19
Q

global shift

A

the relocation of companies from OECD countries to NIC countries predominantly from N america and western europe to latin america and SE aisa

20
Q

OECD

A

organisation of economic cooperation and development

21
Q

NIC

A

newly industrialised country

22
Q

Benefits in developing nations for people and environment

A

-economic benefits (higher wages, loans from foreign companies, economic reform, etc)
-improved education and healthcare
-culteral shift, empowering human rights
-social impact, gov spending on social projects

23
Q

example of empowering human rights

A

SDG5 ( United Nation’s Sustainable Development Goals) gender equality

24
Q

costs in developing nations for people and environment

A

-diet, nutrition transition (access to fast food, things they never had before), health issues
-reduce biodiversity
-increase population and carbon footprint
-more waste, wealthy people consume more
-social impact- women dont have kids due to time spent at work and new found individuality

25
Q

why is 2001 relevant to china

A

when they joined the WTO (world trade organisation), growth exponentially in GDP

26
Q

what is the IMD

A

index of multiple deprivation

27
Q

what is the IMD comprised of

A

-income
-employment levels
-education
-health
-crime
-barriers to housing and services
-living environment

28
Q

what is the IMD split into

A

deciles and rank- 1st is most deprived and 32,844th is least deprived- ranks and 10 deciles

29
Q

what country is IMD applicable to

A

just england

30
Q

what are social and environmental problems as a result of economic restructuring

A

economic restructuring

31
Q

what does it mean by industries moving from blue collar to white collar industries

A

manual to service sector (office) industries

globalisation eq 1,2&3 (17 decks)

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