Unit 6 - Global Risks and Resilience Flashcards
What is hacking?
- the gaining of unauthorised access to data in a system or computer
- an attempt to exploit a computer system or a private network inside a computer
What is identity-theft?
- the fraudulent practice of using another person’s name and personal information in order to obtain credit, loans, etc.
- use of an individual’s personally identifying information by someone else without that individual’s permission or knowledge
What are the environmental factors affecting supply-chain risks?
- natural disasters
- extreme weather events
- epidemics
What are the political factors affecting supply-chain risks?
- protectionism
- trade restrictions
- conflict
What are the economic factors affecting supply-chain risks?
- currency fluctuations
- trade restrictions imposed by governments
What are the technological factors affecting supply-chain risks?
- disruption to transport networks and ICT networks
What is the repatriation of profits?
- the movement of profits made in a business or investment in a foreign country back to the country of origin
Why are profits normally repatriated?
- to protect against expropriation or to take advantage of currency fluctuation
When is profit repatriation an important factor?
- when determining whether foreign direct investment (FDI) in another country is actually profitable for the parent firm
What is tax avoidance?
- the arrangement of one’s financial affairs to minimise tax liability within the law
- he legal usage of the tax regime in a single territory to one’s own advantage to reduce the amount of tax that is payable by means that are within the law
How do wealthy people avoid taxes?
- live in countries with lower rates of tax
What are drones?
- unmanned aerial vehicles (UAVs) operated by remote control, either by an operator or by an on-board computer
What are the advantages of drones?
- can be used for surveillance in natural and man-made disasters to survey damage, locate victims, help the police search for lost children and monitor large crowds
How much is the drone industry expected to generate between 2015 and 2018?
- over $13 billion
How much is the drone industry expected to generate by 2025?
- $80 billion
How many jobs is the drone industry expected to generate?
- 30,000 manufacturing jobs
- 70,000 technical jobs
What are the disadvantages of drones?
- caused many civilian fatalities
- been linked with invasion of personal privacy
- drones used in war are operated far from the conflict zone and may thus desensitise military personnel to war and killing
- cost
- breakdown or malfunction of computer software
- human error in operation
How many respondent in a US survey indicated that the supported the use of droned and UAVs in war?
- 56%
How many people were killed by drones between 2006 and 2009?
- 746 people killed in attacks using drones
- 147 of the victims were civilians
94 were children
How many civilians did Pakistan claim had been killed in Pakistan in US strikes since 2006?
- 400 civilians
What is 3D printing technology (or “additive manufacturing”)?
- (allows for the) creation of physical objects from a digital model, by building them up in a sequence of layers
- allows manufacturers to create complex 3D objects in a short time
What are the favours of 3D printing?
- could counter globalisation, as many users will do much of their own manufacturing rather than outsource or engage in trade
- could lead to the development of localised, customised production that responds to demand
- little was involved
- e.g. has been used to create human body parts, organs and tissues
What are the risks of 3D printing?
- lack of legislation and regulations concerning the technology means that it can be used to create weapons and counterfeit goods
- will replace labour
- can enable gangs to steal money from ATM machines
What is polarisation?
- rising geopolitical tensions and economic rivalries divide the global economy into competing blocs of countries
What is islandisation?
- nationalism gains ground in key economies around the world, leading to protectionist measures and reduced global economic flows
What is commonisation?
- the rise of a new global commons through manufacturing and the sharing economy and a fall of the consumer capitalism
What was clear by 2014-2015?
- that the increase in globalisation had been matched by an increase in nationalism
What was the increase in nationalism in part due?
- poor economic growth following the financial crisis of 2008, rising inequality, and, in Europe, rising immigration
What did the changes e.g. rising immigration lead many people to look for?
- stability in national or local features, such as a shared culture, history or language
What does this new nationalism take form of?
- protectionist policies e.g. trade barriers
- policies favouring domestic workers
- anti-immigration measures and resource nationalism
What are examples of renewed nationalism?
- election of President Trump
- UK’s vote for Brexit
- growth of right-wing political parties in the EU
What does the Committee on the Future Economy (CFE) in Singapore state?
- in 2017 its strategy for the future, stated that Singapore must “remain plugged into global trade” and “must resist the threat of rising protectionism amid anti-globalisation sentiment”
- does not share growth in nationalism
What is transboundary pollution?
- pollution affecting a large area or more than one country
Where does dry deposition of pollutants usually occur?
- typically close to the source of pollutants
When and where does wet deposition of pollutants usually occur?
- when the pollutants are dissolved in precipitation
- may fall at great distances from the sources
- crosses international boundaries with disregard (and so it is a form of transboundary pollution)
What is acid rain?
- rainfall that is more acidic than normal due to human activity
- pH of less than 5.5
What are the major causes of acid rain?
- the sulphur dioxide and nitrogen oxides produced by burning fossil fuels such as coal, oil and gas
- when sulphur dioxides and nitrogen oxides are released into the atmosphere, they can be absorbed by the moisture
What are the major producers of sulphur dioxide?
- coal-fired power stations
What are the major producers of nitrogen oxides?
- vehicles, especially cars
Do nitrogen oxides or sulphur oxides have a greater effect?
- sulphur oxides
- account for two-thirds of the problem
How are worldwide emission changing?
- sulphur oxides declining
- nitrogen oxides increasing (partly due to increased car ownership)
What are the effects of acidification?
- weathering of buildings
- mobilisation of metals, especially iron and aluminium, by acidic water which is carried into rivers and lakes
- aluminium damages fish gills
- tree growth is severely reduced
- soil acidity increases
- lakes become acidified and aquatic life suffers
- there are possible links (as yet unproven) to the increase in cases of senile dementia