globalisation Flashcards

1
Q

globalisation

A

the increased interconnectedness and interdependence of people and countries resulting from the expanding in areas such as trade, finance, people and ideas in one global marketplace

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2
Q

diffusion

A

is the transfer or dispersal of cultural elements from one group of people to other groups of people

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3
Q

adaption

A

is the alternation or adjustment in response to a changed environment

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4
Q

glocalisation

A

the modification of global products and ideas to suit local condition

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5
Q

sustainability

A

meeting the needs of current and future generation through simultaneous environmental, social and economic adaption and improvement

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6
Q

time-space convergence

A

the process by which places can be said to become closer to each other as the time taken to travel between them decreases

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7
Q

The processes of globalisation in relation to:
changes in the spatial distribution of the
production and consumption of commodities,
goods and services

A
  • development of communications, railways and steamships enhance spatial distribution
  • once networks of road, railways, ports and trading systems were established to connect colonial their possessions back to Europe.
  • an example of globalisation and trade is the Silk Road, which was a network of trade routes the connect people across china, the middle east and europe in 130BCE.
  • the factors contributing to the growth in consumption having been fuelled by china’s role as a key manufacturer, representing 30% of their total economic input.
  • this growth has boosted the middle class in china, who now have more disposable income as they represent a key part of spending, especially as tourists
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8
Q

The processes of globalisation in relation to:
the diffusion and adaptation of elements of
culture

A
  • diffusion will only occur if people also adopt the new ideas, values, product or technology in other places.
  • netflix started as an american video-rental company in 1997 and adapted its model to offer online subscriptions as the internet became more widespread.
  • this service has diffused globally, expanding from USA to Canada followed by the UK
  • now available in 190 countries
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9
Q

shrinking world

A
  • the distance between 2 points measured in kms is no longer adequate indication of the accessibility of one point to the other.
  • due to the advancement of technology and transportation, travelling that used to take 2 weeks by steamships now could take hours by planes.
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10
Q

world cities

A
  • dominate in terms of economic and culture matters.
  • usually the centre of multinational corporations which are located in world cities due to the location of stock exchanges and major banks.
  • multinational corporations require large amounts of capital hence the requirement to locate near financial institutions
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11
Q

economic world cities

A
  • the most common measure used to identify and rank world cities is to count the number of head offices of multinational corporations that a city has
  • this is bc: most large corporations tend to be headquartered in cities containing the worlds most important stock exchange and the head offices of the largest of the world’s banks.
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12
Q

cultural world cities

A
  • world cities also tend to have the highest-quality university and research constitutions so they have a city full of highly skilled and qualified people
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13
Q

india

A
  • new delhi is the world’ most polluted capital city in the world with air pollution killing more indians in 2019 than any other risk factor.
  • air pollution causes serious health implications: burning eyes, headaches, brain and liver damage and increased blood clots which can lead to cancer
  • indian gov disregards these this issue as officials see it as a price to pay to ensure rapid economic growth to lift people out of poverty.
    > however this decision can be debated, with income inequality increasing in India, making India the country with the second-worst income inequality, behind russia
  • india has continued to manufacture but has been challenged by AI and automation, replacing 3.2million jobs
  • the economic and social impact of these losses is significant, with india experiencing inconsistent economic growth
  • economic impacts due to the pandemic include female participation in the workforce increased as the country industrialised but at the same time birth rate declined.
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