Globalisation specific content

Question 1

What are some key facts that we can use with the EU and ASEAN and how they have contributed to globalisation?

Answer 1

• The EU helps cities gain a global reputation by awarding prestigious titles such as ‘Capital of Culture’ or ‘European Capital of innovation’
• The EU is the only group of nations that grants all citizens of member states freedom of movement - thus allowing globalisation
• The enlarged ASEAN market has helped Indonesia’s manufacturing industries to thrive, while the Philippines has gained a global reputation for its call center services
• ASEAN is now expected to develop further into a single market called the ASEAN Economic Community (AEC). This will operate along similar lines to the EU and may ultimately allow free movement of labour and capital

Question 2

What is a key definition by the IMF of what globalisation is ?

Answer 2

“The increasing integration of economies around the world, particularly through the movement of goods, services, and capital across boarders”

Question 3

What year did the mobile cellular subscriptions take over the world population ?

Answer 3

2014

Question 4

What is a real example of free-market liberalisation ?

Answer 4

The deregulation of London in 1986 which removed large amounts of red tape and paved the way for London to become the worlds leading global hub for financial services

Question 5

What does Development mean?(PAPER 3)

Answer 5

Development = generallymeans the ways in which a country seeks to progress economically and to improve the QOL for its inhabitants

Question 6

What is a real life example of privatisation ?

Answer 6

• French company Keolis owns a large stake in southern England railway network

Question 7

What is a real life example of Encouraging business start ups?

Answer 7

• In Italy they have eased restrictions on Chinese investors wanting to start up textile companies in the EU; as a result, the city of Prato now has the largest Chinese population in Europe

Question 8

What is the 4 important innovations to look at when talking about the growth in transport and how that affects how globalised an area is? - give a key fact on each of these

Answer 8

• Steam power - Britain became the world’s leading power in the 1800s using steam power
• Railways - In 1800s railway networks expanded globally
• Jet aircraft - The introduction of the Boeing 747 in the 1960s made international travel more common
• Container shipping - Around 200 million container movements take place each year

Question 9

What are 4 key elements of growth of ICT over time ?

Answer 9

• Telephone and Telegraph
• Broadband and fibre optic
• GIS and GPS
• The internet social networks and Skype

Question 10

What is a case study example of how the World Bank helps countries?

Answer 10

• In 2014 a US$470 million loan was granted to the Philippines for a poverty reduction programme

Question 11

What do SEZs stand for ?

Answer 11

• Special economic zones