Globalisation inequalities Flashcards
1
Q
Examples of how does Globalisation cause interdependence
A
Economic- oil
Political- Syria migrant crisis
Social- Migration
2
Q
How do flows cause inequalities
A
Developed countries receive more benefits due to flow of labour, money, Technology and ideas
3
Q
How does unequal flows of people cause inequalities
A
- Developing to developed
- Migrants often do jobs others don’t want to do
- Brain drain a loss of skilled workers in mother country
- Remittances so not all unequal
4
Q
How does unequal flow of money cause inequalities
A
- Mainly developed to developing (Invest and exploit the natural resources and workers, developed country receive the benefit)
- FDI- Provides cheap access to material and low labour cost
- Host country benefits from expertise and may see improvements in living standards
- Countries may become dependent on Foreign aid
5
Q
How can global institutions promote inequalities
A
- World bank provides loans to LICs, which they have to pay back
- IMF and WB are based in US so developed countries have more say
- WTO aims to lower trade barriers, but developed countries keep them meaning less import from LICs
6
Q
How does technology create inequalities
A
- Technology is concentrated meaning select areas develop
- Developed have access to new tech meaning they can improve production etc, whereas LICs cannot