Globalisation

Question 1

What is globalisation

Answer 1

Increasing integration of economies around the world mainly movement of goods and services

Question 2

What is time space compression

Answer 2

Travel times decrease due to inventions and places feel closer together

Question 3

Capital - global flow

Answer 3

Movement of money - through businesses and charities

Question 4

Commodities - global flow

Answer 4

Movement of items - shopping

Question 5

Information - global flow

Answer 5

Movement of information - current affairs

Question 6

Tourists - global flow

Answer 6

Movement of people - holidays

Question 7

Migrants - global flow

Answer 7

Movement of migrants from one country to another - jobs

Question 8

How does technology create connections

Answer 8

Internet banking- allows trade overseas
Planes - allows people to meet others
Phone - allows communication overseas

Question 9

What is a tariff

Answer 9

A tax imposed on imports

Question 10

What is a subsidy

Answer 10

Financial assistance to a business by government

Question 11

What is privatisation

Answer 11

Transferring ownership of public service to private ownership for profit

Question 12

What is neoliberalism

Answer 12

Political philosophy of free markets, free trade and privatisation
Thought by making trade easier= more neoliberalism

Question 13

World Trade Organisation (WTO)

Answer 13

Organisation that has made rules for international trade

Question 14

World bank

Answer 14

Lends money in global scale

Question 15

International Monetary Fund

Answer 15

Channels loans from rich nations to poorer nations that apply

Question 16

NAFTA (North American Free Trade Agreement)

Answer 16

Established in January 1994 to eliminate tariffs and other restrictions on free trade between USA, Canada and Mexico

Question 17

Trade bloc

Answer 17

International organisations bringing greater economic strength and security to nations that join

Question 18

Foreign Direct Investment (FDI)

Answer 18

Investment from another country, injection into country

Question 19

European Union

Answer 19

27 members - Greece, Austria, Finland
Aim - grant all members freedom of movement

Question 20

ASEAN (Association of Southeast Asian Nations)

Answer 20

10 members - Singapore, Indonesia
Aim - free trade, free movement of labour and capital

Question 21

KOF index

Answer 21

Index of globalisation, scores countries on 3 categories - economic, social and political out of 100% total

Question 22

A.T Kearney index

Answer 22

Index of globalisation, based on 4 measures political, communication, technology and political 0-1 score

Question 23

What is a switched off country

Answer 23

These are countries that don’t connect with other countries or they are underdeveloped - North Korea, Ethiopia

Question 24

Why is North Korea ‘switched off’

Answer 24

Autocracy - one family rules
Citizens don’t have internet
No undersea cables
Government and polices causes ‘switch off’

Question 25

TNCS

Answer 25

Transnational companies that have operations in multiple other countries

Question 26

Role of TNCs in globalisation - Astra Zenneca

Answer 26

Biggest pharmaceutical companies, employed more that 80,000 people in over 100 countries Has made over $4.5b

Question 27

What is outsourcing

Answer 27

One company hires another company to be responsible for something

Question 28

What is glocalisation

Answer 28

the practice of conducting business according to both local and global considerations

Question 29

What is global shift

Answer 29

Shift in economic power and growth in countries

Question 30

Outsourcing in India - positives

Answer 30

High population + English Impacts - introduction of call centres, good wages

Question 31

Outsourcing in India - negatives

Answer 31

Work can be repetitive Long shifts

Question 32

Outsourcing in China - positives

Answer 32

Maturing economy Wages increased by 30%

Question 33

Outsourcing in China - negatives

Answer 33

2500 metal workers lose limbs each year

Question 34

What is deindustrialisation

Answer 34

The reduction of industrial activity in an area or country

Question 35

What’s the migration theory

Answer 35

Lee’s push-pull theory Factors that pull people to an area and push people away from an area Also intervening obstacles - language

Question 36

What’s an illegal immigrant

Answer 36

Someone who lives/works in a country without legal right

Question 37

What’s a refugee

Answer 37

Someone who’s been forced to leave origin country due to war - legitimate

Question 38

What’s a asylum seeker

Answer 38

Someone who is seeking refuge in another country due to fear for life - not legitimate yet

Question 39

What’s a immigrant

Answer 39

A person who moves into a different country

Question 40

What’s a megacity

Answer 40

A city with more than 10 million people

Question 41

Megacity Mumbai - why do people migrate here

Answer 41

Many major industries Many research centres Very good infrastructure - highways, railways and airports Lots of housing and education

Question 42

Megacity Mumbai - benefited

Answer 42

2 major ports have over 1/3 of countries foreign trade Have advanced in technology - extract gems to sell

Question 43

Megacity Mumbai - problems

Answer 43

House prices have increased Land prices increased Greater pressure to redevelop slums

Question 44

Megacity Karachi - why do people migrate here

Answer 44

Largest industrial base in country Economic reasons

Question 45

Megacity Karachi - benefits

Answer 45

Many political parties Services used more More spending

Question 46

Megacity Karachi - problems

Answer 46

Pressure on infrastructure Rising housing costs High homeless rate

Question 47

What’s is a global hub

Answer 47

Switched on places, have qualities that attract other places, want to connect with them

Question 48

What is global culture

Answer 48

People from same culture share common values and beliefs

Question 49

What is westernisation

Answer 49

Process of global culture being dominated by USA and Europe

Question 50

What is McDonaldisation

Answer 50

Fast food dominating more and more societies

Question 51

Positive of wester culture

Answer 51

Democracy Education Human rights Gender equality Freedom of speech

Question 52

Negatives of western culture

Answer 52

All cultures become the same Consumerism Islamophobia Companies exploit poor

Question 53

What is consumerism

Answer 53

Belief that wealth, goods and services = happiness