2.1 Globalisation Flashcards
(128 cards)
Define globalisation
the increasing interdependence between countries through flows of capital, trade, goods and services as well as culture and ideas
Reasons for accelerating globalisation - economic (3)
- The volume and influence of TNCs has increased
- online shopping between countries has become more common
- Stocks are traded from across countries and countries invest in each other (Foreign Direct Investment).Some financial businesses (pension funds and investment banks) trade large amounts of currencies in order to make profit
Reasons for accelerating globalisation - political (3)
- Trade blocs (e.g. NAFTA, EU) have become more influential and have reduced tariffs and other protectionist measures.
- IGOs (e.g. IMF, WTO and the World Bank) work to harmonise economies, whilst promoting democratic ideology.
- Political views and ideology are expressed in worldwide media outlets (e.g. BBC, Fox, CNN.)
Reasons for accelerating globalisation - migration (2)
- International migration has led to extensive family networks living across the globe, leading to the spread of culture and finance (through remittances).
- International tourism has increased - more people can travel abroad for holidays due to lower transport costs.
Reasons for accelerating globalisation - cultural (1)
Americanisation and Westernisation of other (often developing) parts of the world.
Reasons for accelerating globalisation - flows of commodities (2)
- Goods can easily be imported, increasing countries interdependence on one another (some UK bottled water is imported from Fiji, which is 10,000 miles away)
- The volume of manufactured goods has increased rapidly due to low cost countries such as Bangladesh and Vietnam
Reasons for accelerating globalisation - technology (3)`
- The internet has rapidly allowed the spread of information and knowledge.
- Social networking sites have become very popular (Facebook had 1.5 billion users in 2015). Networks can allow the spread of culture, ideology and opportunities for migration and tourism.
- Enormous server farms exist currently (e.g. Microsoft’s data centre in Washington) which store substantial amounts of data
Describe lengthening of global connections
people can now travel further afield and goods are brought in further away.
Describe deepening of global connections
connections are penetrating more in depth into most aspects of life
Describe faster speed of global connections
people can now talk in real time from different parts of the world and you can travel much faster than previously between different countries etc.
Examples of global interdependence - political (2)
- international political issues require countries working together in order to solve them. Issues raised must have unanimous decisions from nations
- countries rely on others to intervene if there is political unrest
Examples of global interdependence - environmental (1)
- all nations are affected by other nations greenhouse gas emissions, nuclear waste emissions etc. meaning all countries rely on each other to protect the environment
Examples of global interdependence - economic (1)
- countries are dependent on the flows of labour, products, and services entering the country in order for the economy to grow. Labour provides a workforce; products and services mean countries can develop and make more money
Examples of global interdependence - social (2)
- migration has caused social interdependence as there are now diasporas all over the world that are dependent on the place they live in
- countries rely on each other for leisure activities (e.g. TV shows produced in other countries)
innovations in transport technology in the 19th and 20th centuries (3)
▪ Steam power – In the 1800s, Britain was leading the world in the use of steam technology. This allowed the British to move their goods and armies very quickly
▪ Jet aircraft – Newer and more efficient aircraft have allowed goods to be transported quickly between countries. Increasing competition between affordable airlines has led to more people being able to travel abroad.
▪ Containerisation – All sorts of goods are transported across the world, lower costs of transport is beneficial for both businesses and consumers.
Improvements in technology in the 19th and 20th centuries (1)
▪ Telegraph – The first telegraph cables were laid across the Atlantic in 1860s, which allowed for almost instantaneous communication and revolutionised how businesses operated.
Innovation in communications in the 21st century (4)
▪ Mobile phone usage
▪ Broadband and fibre optics – Since the 1990s, large amounts of data can be transferred very quickly via cables laid out along the ocean floor. The introduction of fibre optic cabling for domestic use has accelerated telephone, internet and television speeds for the home.
▪ GPS – Satellites have allowed companies and people to track goods across the world. GPS has become an essential feature of modern cars
▪ Internet – The internet is now extremely important - approximately 40% of the world’s population have access to it. Social media is extremely influential and, due to their large numbers of users, has led to the rapid spread of news, knowledge and opinions.
define flow
- When countries share things with one another, it’s known as a flow. This is because things are flowing (moving) from one country to another.
- Flows can be physical like people or products, but they can also be ideas and concepts such as money (capital), services, or `information
Different flows in globalisation (5)
- capital
- labour
- products
- services
- information
Define capital flows
Capital flows are the movement of money for the purpose of investment, trade or business production.
Define flows of labour
Flows of labour are the movement of people who move to work in another country.
Define flows of products
Flows of physical goods from one country to another
Define flows of services
- Services are ‘footloose’ industries, meaning they can locate anywhere without constraints from resources or other obstacles.
- Services flow as they can be produced in a different country to where they are received (e.g. international call centres).
Define flows of information
Any type of information can flow from one place to another via the internet, SMS, phone calls etc. For example, international news.