GLOBALISATION - LESSON 4 - SWITCH ON VS SWITCH OFF

Question 1

What does the KOF index measure

Answer 1

The extent to which a country is socially, politically and economically linked to others.

The more globalised a country is, the more links it will have In terms of tourism, communication, trade and FDI and socio-economic processes

Question 2

What is the positive and negative of the KOF index

Answer 2

Positive - One of the few measures which includes political measures

Negatives - Data from all countries is not available

Question 3

When was the KOF index founded

Answer 3

2002

Question 4

What is the most globalised and least globalised countries in the KOF index in 2016

Answer 4

Most - Ireland
Least - Solomon Islands

Question 5

What is the top economic globalised country in the KOF index in 2016

Answer 5

Singapore

Question 6

What is the top social globalised country in the KOF index in 2016

Answer 6

Austria

Question 7

What is the top political globalised country in the KOF index in 2016

Answer 7

Italy

Question 8

What does the AT Kearney index measure

Answer 8

Uses measures of business activity, human capital, information exchange, cultural experience, and political engagement to rank cities in terms of quantity and quality of their connections
(AT Kearney is an American management consultancy)

Question 9

What were the top spots in the AT Kearney index in 2014, and the fastest emerging cities

Answer 9

New York and London

Jakarta and Manila

Question 10

What does the IMF annual report measure

Answer 10

On exchange agreement and exchange restrictions,

Recording the existence of restrictions to trade in different countries

Question 11

What does the KAOPEN index measure

Answer 11

Openness to capital

This index was established by China and Hito in 2005, measures how easy it is to invest and withdraw investment in different countries

Question 12

What are some features of switched-off countries

Answer 12

Fewer TNCs and trade blocs

Not all places are suitable sites of production, lack of accessibility to natural resources, government policies and education levels

Spatial variations in poverty, physical factors and government policies

Question 13

What is an example of a switched off country and why

Answer 13

North Korea -

Kim Il Sung - government policies have meant the country remains isolated and lacks globalisation, relying on their own resources and industries

Question 14

What are some features of switched-on countries

Answer 14

Lots of FDI and generally TNC headquarters

Outscoring is used rather than offshoring or acquiring foreign firms eg. Dell and Tesco - locate production sites in other countries to reduce costs of production and maximise profit - lower taxes

Question 15

What is an example of a switched on country and why

Answer 15

USA

Outscore into Asia eg. Bangladesh and China. Produces products at a cheaper rate and receive massive profits in return eg. Nike