human- 3.1 Flashcards
what is globalisation
Globalisation is the increasing connectedness of countries around the world through movement of goods, services, capital and ideas across borders.
-economic interdependence of countries
-diffusion of technology
what word do we use to describe the movement of things around the world in globalisation
FLOWS
what flows are involved in globalisation
(acronym)
COMICAT
CO mmodities (movement of products/ materials)
M igrants (movement of people)
I nformation (communication and data transfer)
CA pital (transfer and flow of money and currency)
T ourism (movement of people for intrigue and recreation)
describe how the interrelationship with trade has changed
-there was a large desire to move goods and services across the world, to improve efficiency in a short time
-aviation and shipping have evolved to create an interconnected system of cargo movement
what two factors have caused this shrinking wold effect
transport and trade
how has transport caused this interrelationship
-communication and transport technologies have improved
-trade has increased in a geographical scale
-bringing unexpected changes to the operation of companies
how has trade caused this interrelationship
the world seems much smaller due to its interrelations.
-capitalist economies are always wanting to increase their profits and sales to gain the maximum amount of money
-they can conduct research into transport technology to help build new global markets
what is a global market?
A global market is where goods, services, and labor are exchanged throughout the entire world
name 4 modes of transport that have been improved
aviation
steam power
container shipping
railways
how has steam power improved transportation?
it has enabled rapid movement across the world in any direction
(before boats had to travel in the direction of wind)
how has railways improved transportation?
they have enabled reliable and predictable movements of goods over large distances
how has aviation improved transportation?
this has enabled transportation by air on a rapid and large scale
how has container shipping improved transportation?
this has enabled shipping, loading, stacking and the unloading of goods to be safe, reliable and efficient
describe the ‘shrinking world effect’
‘time-space’ compression
as transport and technology improve and advance, the size of the planet, distances and the time taken to travel around it all decrease.
3.1c
how has improvements in communication technologies caused time-space compression.
-as they innovate and improve due to increased trade and information transfer