pre mid Flashcards
Countries that trade with many others and have few trade barriers are economically globalised.
ECONOMIC
A measure of how easily information and ideas pass between people in their own country and between different countries (includes access to internet and social media networks).
SOCIAL
The amount of political cooperation there is between countries.
POLITICAL
types of globalization
ECONOMIC
SOCIAL
POLITICAL
The development of communication technologies such as internet, email and mobile phones have been vital to the growth of globalisation because they help MNCs to operate through out the world.
IMPROVED COMMUNICATIONS
The development of satellite TV channels such as Sky and CNN have also provided worldwide marketing avenues for the concept and products of globalisation.
IMPROVED COMMUNICATIONS
The development of refrigerated and container transport, bulk shipping and improved air transport has allowed the easy mass movement of goods throughout the world. This assists globalisation.
IMPROVED TRANSPORT
MNCs and rich capitalist countries have always promoted global free trade as a way of increasing their own wealth and influence.
FREE TRADE AGREEMENTS
International organisations such as the World Trade Organisation and the IMF also promote free trade.
FREE TRADE AGREEMENTS
Modern communication technologies allow vast amounts of capital to flow freely and instantly throughout the world.
GLOBAL BANKING
The equivalent of up to $US1.3 trillion is traded each day through international stock exchanges in cities such as New York, London and Tokyo.
GLOBAL BANKING
The rapid growth of big MNCs such as Microsoft, McDonalds and Nike is a cause as well as a consequence of globalisation.
THE GROWTH OF MNCs
The investment of MNCs in farms, mines and factories across the world is a major part of globalisation.
Globalisation allows MNCs to produce goods and services and to sell products on a massive scale throughout the world.
THE GROWTH OF MNCs
causes of globalization
IMPROVED COMMUNICATIONS
IMPROVED TRANSPORT
FREE TRADE AGREEMENTS
GLOBAL BANKING
THE GROWTH OF MNCs
Food supply is no longer tied to the seasons. We can buy food anywhere in the world at any time of the year.
CHANGED FOOD SUPPLY
Because MNCs search for the cheapest locations to manufacture and assemble components, production processes may be moved from developed to developing countries where costs are lower.
DIVISION OF LABOUR
In the global economy jobs are becoming more temporary and
insecure.
A survey of American workers showed that people now hold seven to ten jobs over their working life.
LESS JOB SECURITY
More trade means more transport which uses more fossil fuels and causes pollution.
Climate change is a serious threat to our future.
DAMAGE TO THE ENVIRONMENT
Websites such as YouTube connect people across the planet. As the world becomes more unified, diverse cultures are being ignored. MNCs can create a monoculture as they remove local competition and thereby force local firms to close.
CULTURAL IMPACT
There is a growing awareness of the negative impacts of globalisation. People have begun to realise that globalisation can be challenged by communities supporting each other in business and society and through public protest and political lobbying.
INCREASE IN ANTI-GLOBALIZATION PROTESTS
effects of globalization
CHANGED FOOD SUPPLY
DIVISION OF LABOUR
LESS JOB SECURITY
DAMAGE TO THE ENVIRONMENT
CULTURAL IMPACTS
INCREASE IN ANTI-GLOBALIZATION PROTESTS
