lesson 1- globalisation Flashcards

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1
Q

what is capital flow?

A

-movement of money
-for the purpose of investment, trade, or to produce goods/services
-investment into a production operation

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2
Q

what is globalisation?

A

-the process in which the world becomes more interconnected
-through trade, communication, transportation and immigration

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3
Q

what is international trade?

A

exchange of resources across international boundaries

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4
Q

what is inbound and outbound trade?

A

inbound=imports
outbound=exports

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5
Q

what is economic globalisation?
+evidence

A

-long distance flows of resources as well as information and market exchanges
-increase in free trade (no barriers to import or export between countries
-increase in TNCs
-faster and cheaper transport

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6
Q

what is social globalisation?
+evidence

A

-spread of ideas, information and images
-migration
-global communication networks
-media
-sport
-leisure

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7
Q

what is political globalisation?
+evidence

A

-diffusion of government policy and development of market economics in former communist states
-decline of centralised economics
-influence of western democracies on less developed countries

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8
Q

what did the former United Nations secretary general say
+what is his name

A

'’arguing against globalisation is like arguing against the laws of gravity’’
-Kofi Annan

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9
Q

what is the silk road?
+what did it lead to

A

an ancient network of trade routes across China and central Asia between 50 and 250 BCE
-advances in:
metallurgy->coins created
transportation->roads built
agriculture->more food transported
-Chinese silk, Roman glass etc
-ideas such as Buddhist beliefs and paper making

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10
Q

what is the age of exploration?
+what did it lead to

A

European explorers seeking new sea routes to Asia, found America
->new ship designs
->magnetic compasses
-ships carried plants, animals, Spanish silver and Christian missionaries

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11
Q

what is the age of revolution?
+what did it lead to
-powered by…

A

ideas about liberty, equality and fraternity(friendship) spread
-this was powered by invention of factories, railways, steamboats, cars and planes

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12
Q

what is the information age?

A

advances in computer+ communication technology
-1964 Tokyo Olympics watched in America
-satellites
-world wide web +internet
-impacted economies

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13
Q

what is a negative of globalisation?

A

-increased risk of diseases like Ebola or COVID 19
-environmental harm

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14
Q

what is a positive of globalisation?

A

-richer countries can aid poorer nations
-diversity->learn, celebrate cultures
sense of unity

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