Winners and loser's (Globalisation) Flashcards
What is the Brant line?
In 1980 Willy Brandt identified two parts of the world - The rich north and the poor south
What is a NIC?
A newly industrialised country e.g. Taiwan
What is a RIC?
A recently industrialised country e.g. China
What is the global shift?
The physical movement of economic activity from developed countries originally to NIC’s but later to RIC’s and emerging economies
What made the global shift possible?
Transport and communication technologies
Who encourages the global shift?
Players such as the WTO who promote neo-liberalism and privatization
Where was the shift of manufacturing to?
The least cost location
What happened in Taiwan in 1960?
It saw rapid economic growth largely due to globalisation and the global shift of manufacturing
What is the effect of the global shift of manufacturing in developed countries?
The global shift can lead to deindustrialisation, making some regions loser’s and lead to economic restructuring
What economic restructuring has the UK undergone?
The UK has moved from secondary to tertiary
What happened to a steel factory in Ebbw Vale in 1999?
It began to globalise merging with a Dutch company Corus and then closed in 2001
What was the cost of the global shift of manufacturing on Ebbw Vale?
What positive outcomes can deindustrialisation have?
- 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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How can the the change of the proportion of employment sectors over time be shown?
By the Clark Fisher diagram
What is ment by the term footloose?
Due to the rise of communication technologies certain services can be provided from any location (E.g. call centres, banking etc)