Understanding and defining Globalisation Flashcards
What is globalisation?
The process by which people, culture, finance, goods and information transfer between countries with few barriers.
What are the causes of globalisation and why has it accelerated in recent decades?
The process has created a ‘shrinking world effect’ where people and places are ever more closely connected.
Key decision makers including governments and international organisations have played important roles in globalisation.
Some groups, and places, have been more affected by globalisation than others.
What are flows?
Movement of commodities
Connections
What can flows be?
Goods - the products and commodities we all buy in shops, many of which were grown or made in distant places.
Capital - flows of money between people, banks, businesses and governments.
Information - such as data transferred between businesses and people, often using the internet.
People - flows of migrants and tourists from one part of the world to another.
What are the forms of globalisation?
Economic Cultural Political Demographic Environmental
What is economic globalisation?
Involves the growth of global transitional corporations (TNCs), which have a global presence and global brand image.
It also involves the spreading of investment around the globe and rapid growth in world trade.
What is cultural globalisation?
Involves people increasingly eating similar foods, wearing similar clothes, listening to similar music and sharing similar values, many of which are ‘western’ in origin.
What is political globalisation?
Takes the form of the dominance of western democracies in political and economic decision making.
It also spreads the view that democratic, consumerist societies are the most successful
What is demographic globalisation?
Occurs as migration and tourism increase: populations are becoming ever more fluid and mixed.
What is environmental globalisation?
The realisation that global environmental threats require global solutions.
Problems such as global warming are becoming ever more pressing.
What are the driving factors of globalisation?
Technology
Transport
TNCs
