globalisation t1 Flashcards
what is globalisation
the variety of ways in which a place becomes more connected than it use to be
what is a down side to globalisation
too much migration across political borders
give 3 examples of economic globalisation
- growth of tncs- accelerates cross border exchange of money goods and culture
-informational and communication technology allows tncs to set up firms in many parts of the world
-online purchasing from other parts of the world threw companys like amazon
give 3 examples of social globalisation
- international migration pepole moving in increases ethnic diversity in a city/ country and makes it become more multi cultural
- global improvements in health care and education leads to increase life style and life expectancy
-social inter connectivity due to improvements in technology like phones the internet and social media
give 3 examples of social globalisation
- western culture dominating territories Americanisation and macdonaldisation
-globalisation is when old cultures merge and integrate with globalising influence
-higher spreading of information and media across the internet, social media and news
china’s open door policy
-1978 china opens it doorto the rest of the world for trade
- china became the top trading nation in 2013
what are the roles of TNCs in globalisation
- out sourceing materials ad work to local companies in an country
-selling products in new markets
-changing local cultures and tastes
competition for lower labour costs
karachi case study
mega city
50% of population live in slums made of waste
75% work in informal economy
city dosnt recive much tax and governance is very corrupt which leads to problems like waste and sewage not being sorted out due to no funding and no one bothering
what is elite migration
wealthy individulas entering a country to live with benfits of a fincaial hub and good life style(russian oligarcs in london 250b investment in london between 2004 and 2013
what is low wadge migration
many moving illegally or legally to find work and a better life
what is cultural eros
HDI
human development index- includes economic and social factors
GII
gender inequality index
losers of globalization
- environment - deforestation, global warming
- manufacturing communities (red car cleavland steel plants)
winner globalization
TNCS- cheaper labour and more influence
emerging countries receive investment and jobs which boosts economic activity and standard of living
