L2 - Accelerating Factors Flashcards
What are the major flows in globalisation?
People, data, ideas and money
What is happening to the connections? How?
They are lengthening now that we have new links between places which are greater distances apart and getting deeper now that more lives can connect internationally (through cheaper travel too)
Example of evidence of globalisation in India?
The rickshaws from the British colonisation still prevalent in Calcutta.
What are some main accelerating factors for globalisation?
TNCs, IMF and WTO’s trade help, Information exchange, and cheaper and/or more accessible travel/transport
How have TNCs been an accelerating factor?
They have:
- Expanded their operations to run all over the world.
- Splitting up their corporation globally saves some money
- Provided jobs to more LEDCs (through sweat shops.
- Brought cultural and economic change in general.`
How has transport been an accelerating factor?
International travel has become more commonplace and cheaper. It’s not just ‘for the rich people’