Topic 3-Enquiry Question 1-What are the causes of globalisation and why has it accelerated in recent decades?

Question 1

What is a flow?

Answer 1

The way things connect internationally

Question 2

What does the term lengthened mean?

Answer 2

Products and services are sourced from distant places

Question 3

What does the term deepened mean?

Answer 3

Over time a sense of connectivity is felt in many areas of everyday life

Question 4

What does the term grow faster mean?

Answer 4

Speed of connections means we can talk to anyone, and travel the entire earth in a day

Question 5

What does commodities mean?

Answer 5

raw materials, fossil fuels, money

Question 6

What is a shrinking world?

Answer 6

The idea that the time taken to navigate the world is getting smaller

Question 7

What has allowed a shrinking world?

Answer 7

Better infrastructure
steam ships
jet air craft
CONTAINERIASATION

Question 8

What is time space compression?

Answer 8

Processes that cause the relative distance between places to contract making them ‘grow closer’

Question 9

How has containerisation accelerated globalisation?

Answer 9

They are intermodal containers

Question 10

What has allowed rapid globalisation in the 21 centaury?

Answer 10

ICT and mobile phones

Question 11

What is an E-business?

Answer 11

Re-shaping business organisations and processes via computer networks

Question 12

What is an E-commerce?

Answer 12

The sale of goods via the internet

Question 13

What is the IGO?

Answer 13

Intergovernmental Organisation which are made up of two or more countries working together

Question 14

What is the WTO?

Answer 14

World Trade Organisation

Question 15

What is the IMF?

Answer 15

International Monetary Fund

Question 16

What is FDI?

Answer 16

Financial injection into another nations company

Question 17

What is a special economic zone?

Answer 17

An industrial area often near a coastline where favourable conditions are created to attract foreign TNCs

Question 18

What is a patent?

Answer 18

Inventing and getting rights to it so people can not copy it

Question 19

What is glocalistation?

Answer 19

adapting a ‘global’ product to take account of geographical variations

Question 20

What is a trade block?

Answer 20

they help to boost manufacturing which is more profitable than trade in commodities

Question 21

What are two examples of a trade block?

Answer 21

EU-European Union
ASEAN-Association of Southeast Asian Nations

Question 22

What is a SEZ?

Answer 22

Special Economic Zone

Question 23

What is global shift?

Answer 23

The relocation of companies from OECD countries to NIC’s

Question 24

What does OECD mean?

Answer 24

Organisation of Economic and Cooperation and Development

Question 25

What is Americanisation/ Westernisation?

Answer 25

The growing influence of American or Western culture and economy on other countries

Question 26

What does the AT Kearney Index measure?

Answer 26

political engagement, technological connectivity, personal contact and economic integration

Question 27

What does the KOF index measure?

Answer 27

the economic, social and political dimensions of globalization

Question 28

What is outsourcing?

Answer 28

the act of getting goods and services from other cheaper locations rather than locally

Question 29

What is offshoring?

Answer 29

the process of moving a part or whole business to another country in order to save money and increase efficiency

Question 30

What is the ASEAN?

Answer 30

Association of South East Asian Nations