globilisation Flashcards

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1
Q

define globalisation

A

the ever increasing interconnectedness between countries. it is a process that involves connections interdependence and flows between different locations

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2
Q

what are the 5 types of flows in globilisation

A

1commodities
2capital
3migration
4information
5tourists

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3
Q

what is internet and digital advances and give an example please and of how it has helped accelearte globilisation

A

info flows more freely
logistic companies like DHL and investment companies like BLACKROCK allow commodities and capital to flow internationally

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4
Q

what is migration and give an exmaple of how it has helped accelearte globilisation

A

the free movement of people is only possible within some trade blocks and within some regions
e.g the schengen area in the eu

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5
Q

what is toursim and give an exmaple of how it has helped accelearte globilisation

A

planes have become cheaper
e.9 some airlines such as ryaniar , wizz air and easy jet can you let u travel to a different country for as little as £20

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6
Q

what are the 4 types of globilisation

A

economic globilisation
political globilisation
cultural globilsation
social globilisation

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7
Q

how has ecenomic globilisation helped accelearte globilisation

A

growth of MNCs and TNCs e.g apple , google

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8
Q

how has socail globilisation helped accelearte globilisation

A

increasing quality of education and health care
increasing number of migrants

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9
Q

has cultural globilisation helped accelearte globilisation

A

r of western ideas and cultures such as American films and fast food
for example tom cruise films and McDonalds now found in nearly every country

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10
Q

how has political globilisation helped accelearte globilisation

A

growth of trade blocs to increase the prevalence of free trade
e.g world bank imf and world trade organisations and the UN

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11
Q

how has ict and mobile advances helped accelerate globalisation

A

electric banking making payment transfer easier
mobile phones communication easier

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12
Q

what is leap frogging

A

some countries don’t build landline phones and just use mobile phones
in Kenya people sue electronic banking and their mobile phones to make payments with something called M-pesa this i often before having a bank card

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13
Q

example of barriers to migration

A

in Kuwait people with Israeli passports are not allowed to enter Kuwait even for a short period of time this is because of Kuwait ongoing boycott against Israel

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14
Q

what are the 6 dimensions of globalisation

A

culture
politics
economic globalisation
society of globalisation-
technology
environment

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15
Q

what is an example global division of labour

A

dyson
- designed in the uk
- manufactured in Malaysia
- sold in 65 countries world wide mainly EU

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16
Q

what is the fastest growing trade route

A

India -> China

17
Q

What does BRIC stand for and what is it

A

economies who have advanced rapidly since 1990s
Brazil
Russia
India
China

18
Q

what does MINT stand for and what is it

A

more recently emerging economies
mexico
indonesia
nigeria
tukrey

19
Q

what is fdi

A

mainly made by TNCs based in 1 country into the psychical capital or assets of foreign enterprises the investing company may make its overseas investment in a number of ways e.g setting up subsidies in a company by acquiring shares or through merger or joint venture

20
Q

what is repatriation of profits

A

TNCs investing in overseas production will normally take any profit made from that investment back to their home country headquarters. this is sometimes called an economic leakage. the majority of these flows return to companies based in richer countries.

21
Q

what is aid

A

important source of financial support for poorer countries. can be provided through the UN and from richer countries known as ODA. it can also be provided bilaterally from one government to another usually with mutual cooperation applied.
can also be provided by NGOs

22
Q

what is migration

A

out migration takes place from poorer to richer countries. this will exacerbate disparities as the less developed nations loose their most skilled and talented labour , who will play taxes and spend most of their money in their destination country

23
Q

what are remittance payments

A

transfers of money being made by foreign workers back to their home family
remittance has become the second most important source of income for developing countries above international aid

24
Q

what are the factors of production

A

Capial
Enterprise
Land
Labour

25
Q

what are 3 key facts about the movement of labour

A

the largest regional flow of labour in the world is Asia. between 2005 and 2010 around 5 million workers moved from south Asia to west Asia

north America , Europe , gulf countries in western asia attract migrant from furthest afield

despite increases in cross - border movements most migrants move over shorted distances within the same region or between neighbouring regions

26
Q

what is the impact of students migrating to the UK

A
  • each year 500,000 people from 200 countries come to study in the uk
  • 600,000 come to do an English language course
  • overseas students contribute around 11.8bn to the UK economy
  • universities receive around 5bn in tuition fee oncome a year from foreign students
27
Q

what supports the factors in globalisation

A
  1. government supports
  2. finance
    3.transport
    4.security
    5.managment and information systems
    6.trade agreements
28
Q

why do countries trade

A

really hard to be self sufficient
each country does not need to produce everything countries can specialise on what their best at producing e.g. Latin America- bananas
because your able to specialise-> bulk purchase raw materials you need-> cheaper to make -> more profit -> economies of scale

29
Q

what is visible trade

A

trade if goods are exchanged , because they can be counted , weighed and given a value . for exmaple - manafactured goods

30
Q

what is invisible goof

A

trade if services are exchanged for example tourism

31
Q

what are the economic reasons for trade blocs

A
  • to protect their economies
  • to enhance their economies
    -to improve trade between countries
  • to help more deprived areas
32
Q

what are the social reasons for trade blocs

A
  • improve social standards of living
    -to improve development levels
  • to share knowledge and allow growth
  • to allow movements between countries
33
Q

what are the political reasons for trade blocs

A
  • to increase political strength
  • to maintain peace and international agreement
34
Q
A