Winners and loser's (Globalisation) Flashcards

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1
Q

What is the Brant line?

A

In 1980 Willy Brandt identified two parts of the world - The rich north and the poor south

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2
Q

What is a NIC?

A

A newly industrialised country e.g. Taiwan

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3
Q

What is a RIC?

A

A recently industrialised country e.g. China

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4
Q

What is the global shift?

A

The physical movement of economic activity from developed countries originally to NIC’s but later to RIC’s and emerging economies

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5
Q

What made the global shift possible?

A

Transport and communication technologies

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6
Q

Who encourages the global shift?

A

Players such as the WTO who promote neo-liberalism and privatization

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7
Q

Where was the shift of manufacturing to?

A

The least cost location

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8
Q

What happened in Taiwan in 1960?

A

It saw rapid economic growth largely due to globalisation and the global shift of manufacturing

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9
Q

What is the effect of the global shift of manufacturing in developed countries?

A

The global shift can lead to deindustrialisation, making some regions loser’s and lead to economic restructuring

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10
Q

What economic restructuring has the UK undergone?

A

The UK has moved from secondary to tertiary

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11
Q

What happened to a steel factory in Ebbw Vale in 1999?

A

It began to globalise merging with a Dutch company Corus and then closed in 2001

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12
Q

What was the cost of the global shift of manufacturing on Ebbw Vale?

A
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13
Q

What positive outcomes can deindustrialisation have?

A
  • Improved quality of natural enviroment (E.g. Furnace to flowers project in Ebbw vale awarded £120,000)
  • Improved quality of life as manufacturing jobs replaced by higher income jobs in service industries

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14
Q

How can the the change of the proportion of employment sectors over time be shown?

A

By the Clark Fisher diagram

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15
Q

What is ment by the term footloose?

A

Due to the rise of communication technologies certain services can be provided from any location (E.g. call centres, banking etc)

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16
Q

What was the annual revenue from offshoring in India in 2009?

A

$60 billion

17
Q

How many call centre jobs were moved from the UK to India by 2010?

A

350,000

18
Q

What is the benefits of offshoring call centres to India for a TNC?

A
  • Indian call centre worker salary is £2,500 compared to £18,000 in the UK
  • An increase in profits e.g. £1 spent in India comes back to the UK at £1.14 profit
  • According to a BT spokesperson Asian staff are better educated and more motivated compared to British staff
19
Q

What are the downsides of offshoring footloose jobs?

A
  • Many outsourced jobs lost from vulnerable deindustrialised areas such as south wales
  • Lack of quality / customer complaints about launguage barrier
20
Q

What are the benefits for India of outsourcing jobs?

A
  • Provides many jobs with steady employment and secure wage
  • Young workers have a higher disposable income leading to the multiplier effect
  • Workers can recive additional training and education
21
Q

What are the draw backs for India of outsourcing jobs

A
  • Anti - social hours as UK / USA time differance makes night shifts often essential
  • Westernisation as workers are trained in other culture’s
  • Increase in urbanisation and slum settlement growth
22
Q
A