What Are The Causes Of Globalisation And it’s accelerating pace

Question 1

What is globalisation

Answer 1

Basically means everything goes global trade goes global
companies go global communication goes global
culture goes global

Question 2

What is economic integration

Answer 2

Economies are coming more more connected through trade and the movement of goods and capital

Question 3

What does economic integration motivate

Answer 3

Improve transport and communication and spreads culture

Question 4

What are the positives of economic integration

Answer 4

Opportunities to be able to buy and sell any country in the world the
growth of global marketing finance
opportunities for labour and capital to locate anywhere in the world

Question 5

How does the movement of TNCS to lower cost areas affect the consumer market?

Answer 5

More choice a lower price is providing incentives for competitiveness

Question 6

What can exports stimulate

Answer 6

Job creation - earning valuable foreign currency

Question 7

What does FDI stand for

Answer 7

Foreign direct investment

Question 8

When was the General agreement on tariffs and trade signed

Answer 8

1948

Question 9

How many countries agreed to the general agreement on tariffs and trade in 1948

Answer 9

23 countries route 45,000 Thai concessions in US$10 billion of trade

Question 10

By 1973 how many countries are joining GATT agreement

Answer 10

102 countries agreed in tariff reductions worth more than US$300 billion

Question 11

When was the world trade organisation founded

Answer 11

1994

Question 12

How many governments agreed to the WTO Tariff reductions

Answer 12

123 countries agreed major reductions in tariffs and agricultural subsidies

Question 13

What did the WTO agreement allow access to

Answer 13

Full access for textiles and clothing from developing countries and an extension of intellectual property rights

Question 14

When was the Doha development round created

Answer 14

2001

Question 15

What are the main disagreements in reducing trade barriers in the present day

Answer 15

US and the EU and emerging economies like Brazil disagree over agricultural subsidies which are viewed as a type of trade barrier

Question 16

What factors might have accelerated globalisation

Answer 16

TNCs
Newmarket
transport costs
computer/Internet technologies international organisations

Question 17

Why are TNCs considered the architects of globalisation

Answer 17

They invest abroad and build links between the places that make products and the places That consume the goods and services

Question 18

What happened in the 19 century reduce the cost of moving goods internationally

Answer 18

Railways
Telegraph
steamships

Question 19

What led to further reduce transport and handling costs in the 20th century?

Answer 19

Containerisation and aviation/airfreight

Question 20

How can manufacturing and diversification to be coordinated

Answer 20

By providing a wide range of new services, features or products to customers in a new market

Question 21

What is the name of the creation of recognisable global brands?

Answer 21

Brand recognition

Question 22

Why do companies invest in new markets

Answer 22

To make profits more consumers create more potential sales in this higher potential profits
As they are able to sell goods to a whole new area

Question 23

What are examples of some current new markets

Answer 23

India and China has encourage businesses to invest money in the hope of generating more sales

Question 24

When were the earliest computers developed

Answer 24

In top-secret by the US and UK during World War II

Question 25

What were the early computers used for

Answer 25

Used To break enemy code and to develop the nuclear bomb

Question 26

Who designed the very first computer?

Answer 26

Alan Turing at station X Bletchley Park to break the German enigma code

Question 27

How many computers were in the UK by the end of the war

Answer 27

10 of the colossus computers working 24 hours a day break in German Italian in Japanese code

Question 28

When were the computers used in the war finally declassified

Answer 28

In the 1970s

Question 29

Who invented the integrated circuit chip

Answer 29

Jack Kilby 1958

Question 30

When was the first micro processor chip invented

Answer 30

1971

Question 31

What has happened to processing power every year since 1971

Answer 31

It has doubled

Question 32

What is containerisation

Answer 32

A system of intermodal freight transport using standard containers that can be loaded onto ships, railways, planes and lorries

Question 33

When did containerships begin operating

Answer 33

In the 1950s

Question 34

What percentage of a number cargo is transported by containers today

Answer 34

90%

Question 35

What is TEU?

Answer 35

20 foot equivalent units. It is based on the volume of a 20 foot long intermodal container a standard size metal box

Question 36

What are the advantages of containerisation

Answer 36

More secure cargo  Improvements import handling efficiency = lower costs = increase trade flows

Question 37

What is the cost of shipping a TV from China to the UK

Answer 37

£6

Question 38

What is the cost of shipping a bottle of wine from Australia to the UK

Answer 38

6p

Question 39

How much have costs changed on goods since the 1950’s for containerisation

Answer 39

100% reducing the friction of distance

Question 40

What are boats that use containers also known as

Answer 40

Box boats they carry the majority of the worlds manufacturing

Question 41

What do containerisation prompt

Answer 41

The global shift of manufacturing in China from HIC to a NEE s

Question 42

What was the TEU of the largest container ship in 1980

Answer 42

5000

Question 43

What is the TEU of the Emma maersk 

Answer 43

Is 15,200

Question 44

When was the Boeing 707 introduced

Answer 44

1959 it was the first narrow body jet

Question 45

What aircraft was introduced in 1970 as a first wide-body aircraft

Answer 45

Boeing 747 that seats 524 people

Question 46

When was the first double-decker wide-body aircraft introduced

Answer 46

2007 called the airbus A380 seats 853 people and uses 20% less fuel per passenger

Question 47

What does it mean until the 1970s most major airlines were flag carriers

Answer 47

It means a response by the government and protected from competition

Question 48

What create a competition in choice for the consumer in regards to air travel

Answer 48

The open skies agreement

Question 49

What were cheaper airlines do to make sure they still make a profit

Answer 49

Instead of having an expensive flight with all inclusive they may charge for luxuries like food priority boarding seat allocation and baggage

Question 50

What percentage of goods by volume and value are transported by air

Answer 50

5% by volume 36% by value

Question 51

What are fibre-optic’s?

Answer 51

Technology Associated with the transmission of information as light passes along a glass or plastic strand or fibre

Question 52

What are fibre optics designed for?

Answer 52

Long-distance very high performance data networking and telecommunications this has led to the cost of data transmission becoming cheaper due to global fibre-optic cable network

Question 53

When was the first GPS satellite launched

Answer 53

In the 1970s

Question 54

How many satellites are situated in the atmosphere today

Answer 54

24 situated 10,000 km above earth

Question 55

What does GPS satellites do

Answer 55

Continuously broadcast position and time data usage throughout the world

Question 56

Why do companies use GPS satellites

Answer 56

Deliveries can be tracked using vehicle tracking systems help in the growth of global production of networks

Question 57

How did the Internet begin its life

Answer 57

Part of a scheme funded by the US defence Department during the Cold War it was designed you in the 1960s as a way of linking vital research

Question 58

What is the Doha round?

Answer 58

A trade negotiation of the WTO

Question 59

What was the objective of the Doha development round?

Answer 59

objective was to lower trade barriers around the world, and thus facilitate increased global trade.

Question 60

What has allowed for easier and fast communication between areas?

Answer 60

Social media such as WhatsApp