3.1 Globalisation: Causes and consequences Flashcards
1
Q
What is globalisation?
A
Globalisation is the process of the world becoming increasingly interconnected because of increased trade and cultural exchange.
2
Q
What are the three types of globalisation?
A
The three types of globalisation are:
- Economic- this means that countries can trade with others with few trade barriers.
- Social- is the measure of how easily information and ideas travel between people in their own country and in different countries.
- Political- is the amount of political co-operation that there is between countries.
3
Q
What are some causes of globalisation?
A
Some causes of globalisation are:
- Improved mobility of capital: it has become a lot easier to move money from let’s say the UK to Ghana than it was a while back.
- Containerisation: it is easy to transport goods because of the rapid adoption of the steal container to transport goods reducing the costs of transport which in turn makes trade cheaper and more efficient.
- Increased mobility of labour: people are more willing to move between countries in search of work.
- Improved technology: means that it is much easier to communicate and share information around the world.
- Growth of trading blocs: have reduced national barriers. e.g. the European Union and NAFTA.
4
Q
What is the shrinking world effect?
A
The shrinking world effect is the heightened connectivity which has caused people to become more connected than ever before.
5
Q
What are some consequences of globalisation?
A
The consequences of globalisation are:
- availability of goods: you can have strawberries in winter. This is because of globalisation.
- TNC’s always search for the cheapest place to produce their goods.
- Tourism: people are able to experience different cultures.
- Consumerism: There is now an expectation that things should be available quickly and cheaply.
- The loss of wilderness areas: very few areas have been untouched.
- Job security: jobs have become less secure and more temporary.
