interconnections / globalisation

Question 1

Definition of Globalisation

Answer 1

Globalisation is defined as the breakdown of traditional barriers between nations and a trend towards faster and cheaper movement around the world of people, goods, money and information.

Question 2

Factor #1: Trade

Answer 2

Trade - Trade is the exchange of all goods and services between groups of people.

It’s more efficient now and goods can be transported all over the world.

Question 3

Factor #2: Transport

Answer 3

Transport - Larger quantities of goods can now be moved, and taken anywhere in less than 24 hours.

Question 4

Factor #3: Travel

Answer 4

Travel - It’s now more easily accessible, and relatively more affordable.

Question 5

Factor #4: Culture

Answer 5

Culture - Culture is the ideas, customs, and social behaviour of a particular group, people, or society. Culture and Cultural Ideas can now be more easily spread.

Question 6

Factor #5: TNCs

Answer 6

TNC’s - Businesses can now capitalise on countries whose cost of production is lower, plus they have access to other countries and markets.

Question 7

Factor #6: ICTs

Answer 7

ICT’s - Allows for easy and very quick communication

Question 8

Benefits of Globalisation

Answer 8

Travel is easier - Trade/Transport is more cost effective - Information spreads faster (people are more up to date) - Culture can be spread easier - TNCs provide work to underdeveloped countries - Transport is becoming better for the environment

(good enough if you can just name a couple of these)

Question 9

Consequences of Globalisation

Answer 9

New technology leaves a bigger carbon footprint - Extinction of non-renewable substances - Jobs in developing countries are quite unregulated - Green space is being replaced with multi-level development - Local business unsupported - Disruption of local communities with tourism - ICTs promote less face-to-face interaction - Pollution levels heightened because of more TNCs - Exposure to dominant cultures