Globalisation

Question 1

What is globalisation?

Answer 1

The process where the world is becoming increasingly interconnected

Question 2

What factors are involved in globalisation?

Answer 2

Movement of people
Trade
Communication and transport
Environmental problems
Politics

Question 3

Why isn’t everyone in the world equally interconnected?

Answer 3

Countries find conections with stronger countries (eg. superpowers) to be more useful than small countries, so they focus their interests on the more influential countries instead of the less developed ones

Question 4

What is meant by the term trade?

Answer 4

Buying and selling goods and/or services

Question 5

What is meant by TNC?

Answer 5

Trans-National-Corporation: a company thay oporates in multiple countries

Question 6

What is meant by Foreign investment?

Answer 6

When a company or country invests in projects abroad

Question 7

What is meant by labour?

Answer 7

To work, especially physical work

Question 8

What is meant by development aid?

Answer 8

Money, goods or help given to a country to help them improve their country

Question 9

What is meant by the term economic blocs?

Answer 9

Agreements where groups of countries agree to reduce taxesfor goods and services traded between those countries

Question 10

What is meant by the term transport?

Answer 10

Carrying people or goods from one place to another by a vehicle, aircraft or ship

Question 11

What is meant by information technologies

Answer 11

Systems for sending, storing and receiving information

Question 12

What is the main cause of globalsation?

Answer 12

• Countries becoming more dependent on others for social, economic and enviornmental gain

Question 13

What factors have accelerated globalisation?

Answer 13

TNCs
Trade blocs
Improved communication
New markets

Question 14

What is the global economy?

Answer 14

The connectedness of individual countries economies to form 1 single economic system

Question 15

What 5 forms of flow does a global economy include?

Answer 15

Trade
Aid
Foreign investment
Labour
Information

Question 16

What is the primary industry?

Answer 16

Industry involving the collection or extraction of raw materials from the earth or sea (farming, fishing, mining)

Question 17

What is the secondary industry?

Answer 17

Those that take the raw materials and process them into manufactured goods and products

Question 18

What is the teritary industry?

Answer 18

Involves the selling of services and skills

Question 19

What is the quaternary industry?

Answer 19

Industries providing information services, such as ICT, consultancy and R&D

Question 20

What is the globall shift in manufacturing?

Answer 20

The movement of manufacturing from developed to developing countries

Question 21

Where has the majority of manufacturing moved to?

Answer 21

Asia

Question 22

Why is manufacturing shifting to developing countries?

Answer 22

Transportation is cheaper
Raw materials to be exploited
Cheap, unregulated labour
Absence of anti-pollution regulation
Availability of cheap land
Less health and saftey regulations
Saving money on wages

Question 23

What is meant by a host country?

Answer 23

Countries where TMC’s set up factories manufacturing their goals?

Question 24

What is meant by a home country?

Answer 24

Countries where TNCs are based

Question 25

What is outsourcing?

Answer 25

A practice companies use to obtain goods and services from foreign suppliers rather thank providing them themselves

Question 26

What are some advantages of outsourcing?

Answer 26

Businesses can focus on their core business rather than admin Businesses can save money as it is cheaper to pay people in developing countries to do admin tasks Tasks will be completed faster as staff have complete focus

Question 27

What are some disadvantages of outsourcing?

Answer 27

Businesses may have problems with the quality of task completion Businesses may become dependent on the outsource supplier Businesses may lose control of some things Loss of confidentiality

Question 28

What are key players in the global economy?

Answer 28

Organisations with lots of power and influence

Question 29

What is the role of the world trade organisation?

Answer 29

To manage global trade systems and laws

Question 30

What is the role of the International Monetary Fund?

Answer 30

To stabilise exchange rates between countries

Question 31

What is the role of the United Nations?

Answer 31

To maintain international peace and security

Question 32

What is the role of NGOs?

Answer 32

To be a non-profit organisation that acts like a charity

Question 33

What is the role of the World Bank?

Answer 33

To give loans to countries to help them develop

Question 34

What are the Impacts of Globalisation on People and Places?

Answer 34

Creating economic and environmental winners and losers

Question 35

What is geopolitics?

Answer 35

The study of the relationships between countries and the influence of geographical factors on these relationships

Question 36

What makes a country powerful?

Answer 36

Large physical extent Strategic global location Large well-educated population Wealth of natural resources High level of economic development Command of modern technology Strong military forces Strong alliances with other powerful countries

Question 37

What are the 11 trade blocs?

Answer 37

NAFTA Central American Integration System EU Carribean Community Union of South American Nations Arab League African Union European Free Trade Association Eurasian Economic Community A SEAN Free Trade Area Agreement Pacific Islands Forum South Asian Association for Regional Cooperation

Question 38

What are the advantages of trade blocs?

Answer 38

Imported goods and services become less expensive Nearby countries will allow for free trade Free movement of labour Good trade relationships Strengthens connections More jobs Benefits for all member countries Helps LICs Living standards increase Fairer trade