globalisation Flashcards
what are the 3 indicators for the KOF index?🌸
-economic globalisation
-social globalisation
-political globalisation
what are the 4 indicators for the kearney index?🌻🐠
-political engagement
-technological connectivity
-personal contact
-economic integration
what are low-wage migrants?🌴
what are elite migrants?🏝️
-migrants that are recruited as manual workers from overseas.
migrant workers make up 90% of UAE’s workforce
-skilled, wealthy migrants.
case studies?🔮🪬💓
-china: global shift, open door policy
-WB, IMF, WTO
-zambia and tanzania
-totnes
-cuba
3 ways to control globalisation🧘🏼♀️
limit immigration
censorship
trade protectionism
negative of globalisation⭐️
exploitation of environments and people
benefits of migration🌻
host-skilled and hard to fill job workers
can sustain lifestyle of middle class thru childcare and healthcare workers
sink-reduces unemployment, earn remittances
what does the WTO, WB and IMF do?✨
WTO-promotes free trade
WB-loans developing countries based on certain conditions
IMF-forced countries to privatise in return for loans
what was china open door policy and when🐈⬛
1978
companies could outsource from SEZs- which have tax incentives and cheap labour
globalisation definition🪼
process by which people,culture,finance,goods,information are spread between countries with few barriers
how does mobility increase globalisation🐅
faster+cheaper transport
rapid communication systems
just in time production
