Human Flashcards
What are the four types of globalisation?
Economic
Environmental
Demographic
Political
Define globalisation
The growing interdependence of countries through trade, communications and technology
What are the impacts of globalisation on finance?
Some TNCs have higher turnover than some countries GDP
Millions exchanged electronically every day
Works wide reduction in consumer prices
What are the impacts of globalisation on politics?
Expansion of international political organisations
Governments may lose control of their countries to companies
What are the impacts of globalisation on people?
Global trade barriers removed
Cheaper mobile/Internet rates
What are the impacts of globalisation on culture?
Loss of national identity
Global tourism increased
Americanisation spreading
Briefly describe how four factors encourage globalisation
Free trade - removing trade tariffs promoted easier faster trade
TNCs - have shifted production to developing world and created global connections and trade links
Media - global media corporations have global reach and present a ‘world view’ of the news
Transport technology - cheaper air travel, containerisation led to cheap travel too (big ships can carry 9000+ containers)
What do the IMF do?
Channels loans from the worlds richest nations to countries that apply for help. In return these governments must be open to investment from outside (TNCs)
What are structural adjustment programmes?
Strict conditions imposed on countries reviewing loans from the IMF and world bank
Define international elite
A group of people who are economically and socially powerful
When was the photo earth rise taken and how did it help globalisation
1969
First time people had seen earth as a single entity
Globalisation is causing large scale rural-urban migration
Give two reasons for this shift
Television/radio/newspapers - knowledge of other places can trigger migration particularly of the young
FDI - FDI that TNCs invest in urban areas of poorer countries creates jobs so attracts migrants
What is FDI?
Foreign direct investment is a financial injection made by a TNC into a nation’s economy
What is OPEC?
Organisation of petroleum exporting countries
What is OECD?
Organisation for economic corporation and development
What is NAFTA?
North American free trade agreement
What is APEC?
Asia Pacific economic corporation
Give some examples of economic groupings
Least developed countries - a group of around 50 states that has sometimes been referred to as ‘fourth world’
OPEC - members display well above averages levels of wealth but it is often unevenly distributed e.g. Nigeria
OECD - organisation of 30 nations where high levels of wealth are evenly distributed and typical living standard is good, e.g. Uk, France, Germany, USA
Why are trade blocs a political grouping?
To trade freely agreements have to be made that allow national boundaries to be crossed. This requires an amendment of national laws
What are the benefits of trade blocs?
Greater economic security to members
Access to new customers
Increased demand - more production - lower cost
Tariffs often removed within them - Markets grow
What are the disadvantages of trade blocs?
Produces can lose out
Unfair distortion of prices
What is a TNC?
A transnational corporation is a company that has operations in more than one country . They link together groups of countries through the production of goods.
Why do TNCs go global?
Operate where labour is cheaper/less regulated
Operate inside local trade barriers
Gain grants from governments who are trying to attract inward investment
How do TNCs go global?
Outsource production
Sell products in new countries
Foreign direct investment
When did Tesco begin?
1919 as a grocery stall in East London
When did entry into Asian markets begin for Tesco
1998
How much of Tesco’s international profits now come from Asia?
60%
When did the first tesco store open in China?
2004
When did the first tesco store open in the USA?
2007
Approximately many stores does tesco have overseas?
1250
Give a benefit for TNC source countries?
Less environmental pollution from factories
Give some costs for TNC source countries?
Job losses due to outsourcing
Abandoned production location - derelict land
Give some benefits for TNC host countries?
TNCs demand infrastructure which benefit locals
Economic growth
Falling poverty levels
Improved literacy as employees trained
Improved political stability
Give some costs for TNC host countries?
TNCs may outcompete local suppliers
TNCs may pay no or very low taxes
New locations become polluted
Worker exploitation
Decline of traditional culture
How do TNCs affect global wealth?
Even if wages are low, workers spend money after being paid so stimulate growth of other services
Often work in partnership with local governments that offer financial support
What does the world at night picture show?
It gives an indication of where wealth is found.
Brightly lit places are those where energy is in use. These are called switched on places.
What is meant by a switched on place?
Nations that are strongly connected to other places through the production and consumption of goods and services
What is meant by a shrinking world?
Due to technology, distant places start to feel closer and take less time to reach
What does the world at night picture show?
It gives an indication of where wealth is found.
Brightly lit places are those where energy is in use. These are called switched on places.
What is meant by a switched on place?
Nations that are strongly connected to other places through the production and consumption of goods and services
What is meant by a shrinking world?
Due to technology, distant places start to feel closer and take less time to reach
What is a network?
An illustration or model that shows how different places are linked together?
What are nodes?
The points on a network
What is meant by the term global hub?
It’s used to describe a node that is particularly well connected (places that have a global influence and make others want to connect with them)
What are the connections between nodes?
Flows
Flows are moments of: Money Raw materials Manufactured good/services Information People
Geographical analysis recognises that over time countries have become more interconnected, what is meant by this?
Trade and migration flows have increased due to technology, market forces and political decisions
Geographical analysis recognises that over time countries have become more interdependent, what is meant by this?
What happens in one place increasingly has impacts on other places
When was easy jet founded?
1995 - solely flights within UK
How many flight routes does easy jet now have within the EU?
300
When did they announce expansion into markets outside the EU?
2005
What did easy jet do in 1998?
Acquired 40% of a Swiss air travel company
By 2006 how many aeroplanes did they have carrying how many people?
122 aeroplanes carrying 33 billion to their destinations that year
How does easy jet benefit the places it adds to their flight list?
Places become more switched on - brings the places more money and boosts trade for its restaurants, hotels and bars
Why do some regions remain switched off?
High vulnerability to climate change - Mozambique
Resources controlled by small elite - Zimbabwe
Politically isolated - North Korea
Physical isolation and lack of coastline - Niger
What are the physical impacts of China’s growth?
Before 2050 China will be consuming more oil and paper than the world currently produces