Impacts of globalisation Flashcards
What are the 4 benefits of globalisation?
-Integration
-Stability
-Development
-Economic growth
Describe integration as a benefit for globalisation.
Globalisation allows countries to pool their resources to solve global issues.
Describe development as a benefit of globalisation.
Foreign investment brings capital into the country which can be used to improve infrastructure and education.
Describe stability as a benefit of globalisation.
As countries become more interconnected they become more dependent on each other decreasing the likelihood of conflict.
How is economic growth s a benefit of globalisation?
Participation in global trade allows countries to profit from their natural resources to generate wealth.
What are the negative impacts of globalisation?
-Inequalities
-Conflict
-Injustice
-Environmental impacts
How has globalisation cause inequalities?
Developed countries have more influence and access to markets when increased the wealth divide and inequalities between countries.
How has globalisation caused conflict?
Cyber warfare:
Advances in technology have meant Arabic on computer systems can have a greater impact.
How has globalisation caused injustice?
Improved transport and communications has lead to an increase in human trafficking.
How has globalisation affected the environment?
-Global trade has increased transport so there is more pollution
-Access to resources has led to over fishing and deforestation
-The abundance of cheap products around the world means people can afford to be more wasteful.