Human Geography Flashcards
The 4 types of Globalisation
Economic
Social
Political
Cultural
Key Globalisation Time Line
1944-1980= setting rules for trade after the war 1944= World Bank and IMF are founded 1975= UK joins the EU 1981-1999= TNC's and internet revolution 2000= rapid development in Asia and Africa + Millennium development goals launched 2011= China becomes second largest economy
Issues With The Global Village
- Dependent on technology
- Communication between leaders
- Conflict and war
- Exploitation
- Religious disagreements
- Against Globalisation
- Uneven development
- Environmental issues
- Corruption
- Inequality
Definition of Globalisation
The connection of the world through economic, social, political and cultural means
Factors in Production
Land - all natural resources
Labour - a skilled work force
Capital - something to help with production (money)
Enterprise - setting up the business
What Is GDP
A Gross Domestic Product is how many goods were produced in a country
Flows Of Capital
From core to periphery:
FDI
Aid
Remittance
From periphery to core:
repatriation of profits
NEE groups
BRICS
Brazil, Russia, India, China, South Africa
MINT
Mexico, Indonesia, Nigeria, Turkey
Multi-lateral Aid
Aid provided through the UN, from contributions made by a number of HIC’s
FDI
Foreign Direct Investment is made mainly by TNC’s based in one country into the physical capital or assets of foreign enterprise.
Aid
Aid that is provided from one government to another
Remittance Payments
These are transfers of money made by foreign workers to family in their home country
Bi-lateral Aid
An important source of financial support for poor countries
Migration
The majority of this happens through labour from poorer to richer countries. This causes LIC’s to lose their most skilled workers
Repatriation Of Profits
TNC’s investing in overseas production will normally take any profits made from that investment back to their home headquaters
Diaspora
A large group of people with similar heritage or homeland who have moved and settled in places all over the world
Time/Space convergence
The lapse of information due to lack of or low quality communication
Containerisation
The containers have standardized dimensions. They can be loaded, unloaded, and transported with ease
Tariffs
Tariffs are a a form of protectionism to protect home-based industries from foreign competition
High Level Service
Service to businesses such as finance, investment, and advertisement (London, Tokyo, New York)
Low Level Services
Service to consumers such as banking, travel and tourism, customer call centers or communication services (India, Bangladesh)
What Is Conglomerates
A collection of different companies which may have been involved in business activities but all report to one parent company
Economies Of Scale
The cost advantages that result from being the larger size or scales of the operation. (buying in bulk/ one marketing campaign)
What Is Marketing
Marketing is the process of promoting, advertising and selling products and services