Globslisation Flashcards
1
Q
Costs of globalisation: economy (wealth&money)
A
- TNC’s profits are repatriated to the home country rather than invested in host country e.g. Apple
- Change in pattern of trade -> HIC’s still dominate world trade, but an increasing shift to NEE’s e.g. China
- creation of trade bloc agreements = LIC’s often outside the blocs so are excluded form some trade markets
- widening gap in wages in some countries - e.g. apple
- core/periphery
- TNC’s displace former family businesses e.g. farms
2
Q
Costs of globalisation: society (people’s lives)
A
- migration: majority of out migration of labour takes place from poorer countries to richer countries means less developed nations lose their most skilled workers and their tax and spending
- TNC’s exploit slower-skilled workers in LIC/NEE e.g. coca-cola in Columbia workers have died or been killed in bottling plants, paid minimum wage and work long hours
- diseases such as Covid 19 spread more easily
- exploitation of workers by TNC’s e.g, Apple
- workers rights diminished - women, children
- growth of TNC’s has lead to increased pollution and waste and increased resource extraction e.g. deforestation
- as transportation improves e.g. air travel and there is more trade there are c,mid change impacts which could cause sea level rise etc
3
Q
Costs of globalisation: political (the running of the world)
A
- tradegedy of the commons - lack of availability of the commons in LICS’s
- neocolonialism - china’s growing influence in Africa
- WTO/IMF/WORLD BANK - dominated by HIC’s = favour HIC interests
- G7/G20 - rules for the world based on their own agenda
- Improvements in technology and communications have made it easier for conflicts to arise
- The US fear the threats of globalisation and this is causing conflicts e.g. immigration on the Mexican border
- isolationists policy in the UK has led to conflict between UK and EU e.g. brexit
4
Q
Winners of globalisation: economy (wealth&money)
A
- NEE’s low labour costs = investment from TNC’s e.g. Malaysia, Thailand, Singapore (Tiger economies)
- TNC’s and global organisations invest money into LIC ‘s to develop their economy e.g. Apple
- trade blocs have ensured free trade between those nations involved e.g. EU
- global trade rules have led to huge increases in global trade and the opening up of new markets
- greater movement of Labour has made labour markets more flexible. For example, filing labour vacancies in health care with foreign born workers (40% of NHS made up of foreign workers)
5
Q
Winners of globalisation: society (people’s lives)
A
- improved trade/connective news leads to lower consumer prices/wider choice/medications e.g. Covid vaccines
- investment from HIC’s and TNC’s into LIC’s has developed infrastructure, healthcare and energy supplies e.g. China’s influence in Africa
- labour flows have allowed people to improve their quality of life e.g. Poles to Europe, Romanian migration, migration from Africa. International recruiting
- improvement in cultural awareness and cultural diversity
- improved spreading/sharing of news/knowledge/information e.g. WHO during COVID pandemic
- cultural integration - media e.g. news all over the world, food, fashion
6
Q
Winners of globalisation: political (the running of the world)
A
- global organisations like the UN provide aid and assistance
- Global institutions give LIC’s a voice e.g. UN membership
- gloves, governance has increased stability for many LIC’s and NEE’s through the provision of aid and peace-keeping forces, but currently 76 conflicts around the world
- The Antarctic treaty and similar agreements have provided environmental stability for the continent and prevented conflict as yet
- trade bloc’s allow countries to increase efficiency of trade, transport and movement of people and improve relations between countries e.g. EU
- IMF/WORLD BANK/WTO do create common global ‘rules’
- trade blocs promote peace = EU has resulted in a peaceful Europe
