Globalisation Flashcards

1
Q

How has transport contributed to globalization?

A

improved aviation and containerization = $6.4 trillion air cargo in 2012

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2
Q

How has technology contributed to globalization?

A

Napster influenced growth of e-commerce = 150m worldwide internet users

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3
Q

Pros and cons of World Bank

A

+ lends £ for development

- invests in fossil fuels

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4
Q

Pros and cons of IMF

A

+ bails countries like Greece

- imposes strict regulations like cutting back spending on healthcare

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5
Q

Pros and cons of WTO

A

+ helps resolve trade disputes

- failed to subsidize richer countries like the UK

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6
Q

EU contribution to globalization

A

free trade + movement of people

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7
Q

ASEAN contribution to globalization

A

creating peace: not creating nuclear weapons

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8
Q

China’s Open Door Policy

A

by 1990s: 50% of China’s GDP were generated in SEZ’s

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9
Q

UK’s Sunday Trading Law

A

attracted TNCs and FDIs to invest into country

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10
Q

Ways of measuring globalization

A

AT Kearney + KOF Index

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11
Q

AT Kearney

A

12 indicators across:

  • economic integration
  • technological connectivity
  • political engagement
  • personal contact
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12
Q

KOF Index

A

24 indicators across:

  • social globalization
  • economic globalization
  • political globalization
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13
Q

KOF Index con

A

bias: Ireland on top as FDI is a large % of economic globalization

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14
Q

AT Kearney (and KOF Index) con

A

who decides which indicator is most important?

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15
Q

TNCs cons in Nigeria

A
  • Ogale community of 40 000 - majority are fishermen - Shell oil spillages pollute waters = damaging fishing industry
  • 3-inch refined oil floating on water = damaging water supply = threatening health
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16
Q

Glocalisation examples

A
  • Halal meat in Dubai by McDonald’s

- MTV - appropriate for countries with strong faiths in East Asia

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17
Q

Outsourcing

A

getting a different company to produce a piece of your product for you

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18
Q

Off-shoring

A

having a factory in a different country

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19
Q

TNCs general cons

A
  • exploiting workers
  • low pay
  • bad working environment - unsafe conditions
  • long hours of work
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20
Q

How is DRC switched off?

A
  • physical/ environment: rich in gold and copper - unable to use due to lack of technology
  • political: corrupt leader Mobutu - dictatorship - authoritarian
  • economic: leader keeps all income = productivity + economy levels decrease
21
Q

Global shift impact on HICs (Redcar)

A
  • deindustrialization
  • job losses
  • minimum wage jobs
  • brownfield land
22
Q

Global shift in India in what?

A

call centre = increase in service sector as TNCs invest by off-shoring software development + by outsourcing R&D innovation centres for firms like Google + Microsoft

23
Q

Global shift in China in what?

24
Q

Pros and cons of global shift to India

A

+ life expectancy 38 to 68
+ TNCs develop skills
- increased inequality (Gini Coefficient) - Dharavi = 1 toilet for 1000

25
Pros and cons of global shift to China
+ poverty rate decrease from 84% to 10% + infrastructure investment - rail systems - air pollution kills 1.6m a year - 390m use contaminated water a year - overexploitation of resources = wiped out Ecuador Amazonian Forest
26
Pros and cons of migration from India to UAE to the host
host = UAE + larger workforce = increased economic growth - remittances leak out of UAE economy
27
Pros and cons of migration from India to UAE to the source
source = India + Kerala is biggest benefactor of remittances - 60% out of $80b in 2018 - Kefala system = trapping women in deplorable conditions - suicide rates: in 2019, nearly 34 000 recorded since 2014
28
Pros and cons of migration from Russian oligarchs to London to the host
host = London + Russian spend on luxury goods - house prices increasing = locals outbought
29
Pros and (cons) of migration from Russian oligarchs to London to the source
source = Russia | + Russian investment into stock market = £260b on London stock exchange from 28 Russian firms in London
30
Cause of growth of megacities
- push-pull factors | - natural increase
31
Impacts of growing megacities
Mumbai - continuing growth of squatter settlement - pressure on housing and healthcare - resources - pushing cities to green land and outskirts of cities = losing green environment to urbanization
32
Cultural diffusion costs
tribes in Papa New Guinea: - wanting better lives like the West so they hunt and kill endangered species to sell to make income - loss of the Welsh language - China meat consumption - 5kg to 63kg per capita annually from the 1960s to now - meat production is 60% of all food production which contributes to greenhouse gases
33
Cultural diffusion opportunities
- LGBTQ+ accepted - Paralympics - men and women equal rights - women in education
34
Cultural diffusion political tension
- China/ South Korea censorship - French Islamaphobia - banning burka - rise of extremist views
35
Ways to measure development
``` economic: - GDP - gross domestic product - GNI - gross national income social: - HDI - human development index - GII - gender inequality index environment: - air pollution ```
36
Gini Coefficient
measure of area between Lorenz curve and line of absolute equality
37
Gini coefficient examples
Poland 0.2 | Brazil over 0.6
38
Limiting globalisation
- censorship - migration control - trade protectionism
39
Censorship example
China: - lying about air quality - banning apps like Facebook
40
Migration control examples
- Australia's point-based system | - Trump wall between Mexico and USA
41
Trade protectionism example
India has 13.8% - highest among other large economies
42
Retaining cultural identity
First Nations: - Jumbo Wild: 90% residents opposed -- home to sacred spirit - Fracking: water issues = threaten fish supply - Bakken Project in Alberta: oil sands and shale mining
43
Diasporas
- Filipinos and Indians majorly in the service sector of the NHS - Bangladeshi in London: contributes to economy - culture, businesses, food
44
Transition towns
use bottom-up initiatives and prioritize local sourcing rather than global sourcing
45
Define bottom-up initiatives
locals making decisions
46
Con of transition towns
- works for people with high income as local sourcing is more expensive - works only small scale
47
Fairtrade
- higher income for farmers | - decreased pesticide by 80%
48
Recycling
less waste in landfill
49
'Keep Britain Tidy'
decreases wastage + changes locals attitudes