Lesson one - Globalisation Flashcards
Define globalisation?
The increasing integration of economies around the world, particularly through the movement of goods, services and capital across borders.
What is the first aspect of globalisation?
Connections are lengthening
How are connections lengthening?
The are new links between places that are miles apart.
What is the second aspect of globalisation?
Connections are deepening?
Connections are deepening due to globalisation, what does this mean?
More peoples lives connect with far away place, eg cheaper travel. It’s no longer just the rich who ‘live globally’
What is the third aspect of globalisation?
Connections are faster
How are connections now faster?
People are able to talk across continents using a mobile phone, people are also able to travel far and wide across the world
Over the past three decades, who have emerged as major global forces exercising economic and political power in an uncomfortable way?
TNC’s
What has spread into former communist countries due to globalisation?
Capitalism
Define a transnational corporation?
A company operating in two or more countries.
Heightened connectivity changes our perception of time, distance and potential barriers to the migration of money, goods people and information. This perceptual change is known as what?
Time - space compression
As travel times fall due to new inventions , places approach each other in different ways and begin to feel closer together. What is this known as?
The shrinking world effect
List three developments in transport and trade that have accelerated globalisation?
The car
Aeroplane
Steam power
China’s GDP has increased by what percentage since 1990?
536%
