What is the global shift and how did it begin?
The global shift represents the movement of economic dominance to the east. Whilst services and admin joins have been outsourced mainly to areas such as India, manufacturing jobs have transitioned from the west to China.
The shift began in the 1950s with cheap mass-produced goods, e.g. toys and textiles, relocating to Japan and soon in the 1960s the Asian Tiger Economies (South Korea, Taiwan, Hong Kong and Singapore) quickly followed. In the 1980s and 90s most other Asian countries opened up to globalisation.
what is the time lag between the removal of trade barriers and large FDI flows
10-15 years
what are the 2 general causes of the global shift?
what are the causes of the global shift in India and China?
India
China
what are the 3 benefits of the global shift in China?
Chinese infrastructure investments
reductions in poverty
better education and training
what are the 3 drawbacks of the global shift in China?
The loss of productive farmland
An increase in unplanned settlements
Pollution and health problems
explain the benefit to China of the global shift: Chinese infrastructure investments
explain the benefit to china of the global shift: Reductions in poverty
explain the benefit to china of the global shift: better education and training
explain the cost to china of the global shift: the loss of productive farmland
explain the cost to china of the global shift: an increase in unplanned settlements
explain the cost to china of the global shift: pollution and health problems
explain the global shift to Bangalore, India
what are some of the benefits of the global shift to India
what are some of the costs to the global shift to India
what are the 3 contributors of globalisation
developments in transport
developments in ICT and mobile communication
national governments through supporting economic liberalisation
explain the contributor of globalisation: developments in transport
explain the contributor of globalisation: developments in ICT and mobile communication
explain the developments in ICT of mobile phones, internet and social networks
Mobile phones
Internet
Social networks
explain the developments in ICT of electronic banking
Electronic banking
what are the 4 different ways of the contributor of globalisation of national governments through supporting economic liberalisation
free market liberalisation
trade blocs
privatisation
encouraging business start ups
explain free market liberalisation as a contributor to globalisation
explain trade blocs as a contributor to globalisation
explain privatisation as a contributor to globalisation