17/10/23 human test Flashcards
what is globalisation
the process by which the world becomes increasingly interconnected as a result of massively increased trade and cultural exchange.
what factors have contributed to the increase in globalisation
transportation, communication, containerisation
how many Facebook likes a day by 2014
5 billion
how many km of undersea fibre optics cables
1 million
how many containers moved a day
6,000 containers a day
what are the positives of a competition led market
more consumer choice
lower prices
more innovation
less state expenditure
what are the negatives of a competition led market
no equal access
what is a trade bloc
a type of intergovernmental agreement where barriers to trade in a world region are reduced or eliminated among the participating States
what are the positives of trade blocs
compromise and concession, national firms can merge to form transnational companies, bigger markets (but no extra taxes), protection from foreign competitors and political stability
what are the negatives of trading blocs
interdependence and loss of sovereignty
in what ways can national governments attract foreign direct investment
transport, policy, joining a trade bloc
what is an example of a switched off country
North Korea- by choice
the Sahle region- poverty
what is an example of a switched on place
new york, London, Paris
what ways has globalisation impacted developing countries
poverty reduction, environmental impacts, waged work
what was the population decrease in Detroit
25%