globalisation - seneca

Question 1

what is globalisation

Answer 1

the increasing interdependence between countries. this helps LIDCs become more involved in global markets and forums, EDCs becoming more interdependent. this causes the “shrinking world effect”

Question 2

what flows contribute to globalisation

Answer 2

information, culture, migration, goods and services and ideas

Question 3

what is a trade bloc

Answer 3

a group of countries that have an agreement to trade without barriers on the movement of goods.
it is a type of intergovernmental agreement that usually is made alongside the free movement of people

Question 4

what is the Schengen agreement

Answer 4

an agreement that means that members of EU nations can move across most EU borders without checks.

Question 5

types of political globalisation

Answer 5

growth of trade blocs to boost free trade/ reduce protectionist values.
IGOs (world bank IMF…)
political views shared in worldwide media outlets (bbc, cnn)

Question 6

types of social globalisation

Answer 6

increasing international migration