Chapt 8 Drivers Of Globalisation

Question 1

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Answer 1

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WRONG Eg:
- 2023. Just 48 hrs after earthquake in Turkey and Syria
-> group of 5 digital activists set up the website TakeShelter
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- TakeShelter connects ppl displaced from the earthquake to hosts who offering their homes as shelter
- Influencers promote TakeShelter in multiple languages
-> so it reaches more ppl
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Exp
- The world is more connected across countries
- leads to globalisation

Question 2

Digital tech -> Advancements in tech

Answer 2

Define digital tech: Electronic systems, tools or devices that process, store or generate data
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Define globalisation: The Greater movement of ppl, goods, capital & ideas due to increased econ integration, which is propelled by trade & investment
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EG
- Advancements tech lead to the rise of e-commerce apps like Shopee
-> that are easily accessed on phones & laptops
-> These apps allow businesses to reach a global market
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- Advancements of Tech also include digital payment systems
- which simplify international transactions
———
HENCE:
- Advanced Digital tech like ECOMMERCE:
- connects businesses with/ customers
-> across vast physical dist
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-PAYMENT SYSTEMS
-> easier for businesses & customers to engage in cross-border purchases

Question 3

Growth of MNCs

Answer 3

Define MNCs: Large corporations that operate in many countries
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Eg
- Starbucks
- has branches across 6 continents
- 1 cup of coffee can depend on up to 19 diff countries
—
-> From sourcing of coffee beans to the sugar & milk in the coffee
-> STARBS connect many diff supply chains tgt
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