Growth Of Global Systems Connections And Global Flows Flashcards
Examples of economic globalisation
The growth of MNCs and movements of materials goods and investments around the globe
The development of ICT allowing easy global communication and data transfer
Examples of social globalisation
International migration and multi-ethnic cities
Increasing social inter connectivity due to technology
Examples of political globalisation
Growth of trading blocs (e.g the EU) global organisations ( e.g world bank) and global governance issues ( use of oceans )
Examples of cultural globalisation
Spread of Westen and increasingly non-western culture such as food and fashion
Growth of globalisation and hybridisation of cultures
Increases in social media, allowing the spread of ideas
What is global governance ?
The steering of rules, norms, codes a d regulations used to regulate human activity at an international level
What is globalisation
Describes the increasing interaction between people and places at a global scale due to advances in transport and communications
What is a trading block ?
A group of countries within a region that trade together to protect themselves from imports from other countries for example with the use of import tariffs
What is glocalisation
Where products and services are distributed globally but have been adapted to meet local breeds for example McDonald’s introducing the “ Chicken Maharaja Mac “ to meet the local tastes of India
What are the 4 global flows
Goods
Money
People
Technology and ideas
Describe the global flow of goods
The global demand for raw materials, food and manufactured goods has increased especially with the growth of emerging economies such as India and China
Describe the global flow of money
Large amounts are transacted via stock exchanges around the world
MNCs based in one country invest in areas in other parts of the world
Describe the global flows of people
International migration has increased so 3.5% of the worlds population are international migrants
International tourism tourism has increased
Describe the global flow of technology and ideas
Faster internet speeds, social media and mobile phones allow data, media and points of view to transfer and spread rapidly
