Globalisation - into Flashcards
Define globalisation
Globalisation involves the widening and deepening of global connections, interdependence, and flows (Commodities, information, migrants, and tourists)
Why is there an increase in the flow of capital?
increase as money flows through the world’s stock market - increase of foreign transactions + increasing market sizes such as social media helping interconnectivity - although not all countries have it = uneven development.
Why is there an increase in the flow of comodities?
Flow of manufactured goods multiplying due to low cost production in countries such as China. Led to global GDP being just short of £80 trillion
Why an increase in the flow of tourists?
Due to budget airlines, more people can travel, investing in other economies and learning culture.
Why an increase in the flow of information?
The Internet gas allowed real-time communication between distant places and people being able to research things and keep up with current affairs.
What does flow mean?
The movement/spread of something
How have global connections widened?
Advances in technology and transportation
5 types Of globalisation
-Politcal
-Cultural
-Demographic
-Environmental
-Economic
Case Study: Amazon
Environmental:
N= Increase in fuel consumption by cars/planes to prioritise PRIME delivery
N=Packagaing means more non-renewable material that can pollute rivers and aren’t recycled.
Economic:
P= Provides money and employment which boosts the county, workers are taxed and have a disposable income - multiplier effect.
N= Other business at high risk of shutting down as locally they cannot compete.
Social:
P= workers gain a better quality of life with a disposable income.
N= more people disconnected - online flow.
N=Workforce experiences burnout - productivity decreases.
Economic scale:
Larger companies benefit off of the no charge fee in other countries. Amazon can monopolise opponents.
