Globalisation Flashcards

1
Q

Define globalization.

A

How the world is interconnected via trade, money, communication etc.

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2
Q

What are the 5 types of globalization?

A

Technology, Communications, Economic, Messages, Environmental

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3
Q

What are the flows in Globalization?

A

TNCs, Trade, Transport, Containerization

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4
Q

What are economies of scale?

A

Economies of scale is when buying in bulk results to lower costs

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5
Q

(MIGRATION) what is a push factor of migration?

A

A push factor is what makes a person/group leave E.G- War, corruption

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6
Q

(MIGRATION) What is a pull factor of migration?

A

A pull factor is what makes people move/migrate E.G- better healthcare, better jobs/education

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7
Q

Give an example of a TNC

A

Shell is a massive TNC which operates in Lagos, Nigeria. They operate in Nigeria because they can exploit workers due to low labor costs.

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8
Q

What is time-space compression?

A

Time press compression is the idea of a shrinking world due to advances in transport and how fast you can get to places (rapid travel)

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9
Q

What is meant by the term ‘De-regulation’?

A

De-regulation is the process of removing government rules/laws

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10
Q

What is meant by the term ‘regulation’?

A

Regulations are rules/laws set by the government

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11
Q

What is containerization?

A

Containerization is when lots of containers on a ship reduces costs.

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12
Q

What is an advantage of globalization?

A

1) You can communicate faster
2) You can travel faster
3) companies can get richer

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13
Q

what is a disadvantage of globalization?

A

1) if you communicate via social media, your data could be stole and used
2) travelling can pollute the earth
3) some people lose out

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14
Q

What is free trade?

A

free trade is a policy where a government does not interfere with trade (imports and exports).

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15
Q

What is a tariff?

A

A tariff is a tax on imports

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16
Q

what is a quota?

A

A quota is a limit on the quantity of a goods, a country allows into the country.

17
Q

What does the KOF index measure?

A

The KOF INDEX measures how globalized countries are

18
Q

What does the AT Kearney Index measure?

A

The AT Kearney Index measures how globalized cities are

19
Q

What is a switched on place?

A

A switched on place is a nation/region/city which is strongly connected to other places with significant global flows

20
Q

what is a switched off place?

A

A switched off place is a nation/region/city which is not connected to other places with little to no global flows

21
Q

What is JIT (Just-in-Time)

A

When a delivery is made Just in time for manufacturing, This leads to less/no storage needed.

22
Q

What is off-shoring?

A

off-shoring is when a company does work overseas, either itself or another company

23
Q

What is out-sourcing?

A

Out-sourcing is when work is contracted out to another company. (known as off-shoring when company is overseas)

24
Q

What is a SEZ?

A

SEZ (special economic zones) are areas which companies have no restrictions

25
Q

Why mighty a TNC move?

A

-cheaper land cost
-to access markets
-cheaper labor
-SEZ
-relaxed laws
-access to raw materials

26
Q

What are the impacts of TNC’s

A

+supply of jobs
+good for local economy
- damages environment
-exploitation of workers

27
Q

what is a mega city?

A

a mega city is a city with over 10 million people

28
Q

what are some problems in mega cities?

A

-overcrowding
- pollution

29
Q

what are some benefits of mega cities?

A

-global hub
-jobs
-financial area
-easier access to education/shopping
-better infrastructure

30
Q

give an example of anti-globalization?

A

North Korea

31
Q

give an example of anti-globalization?

A

North Korea