Globalisation Flashcards
Explain why globalisation causes cultural erosion in some regions.
TNCs introduce Western products, displace local culture.
How does joining global production chains lead to cultural erosion?
Environmental damage harms habitats, traditional practices.
Explain how the global shift of industry has negative impacts in the developed world.
Unemployment reduces incomes, tax revenue, investments.
What is the effect of depopulation due to the global shift of industry?
Skilled workers leave, mental health declines.
Why do some people in the developed world support the global shift of industry?
Cheaper goods, reduced pollution, business profits.
How does outsourcing overseas benefit business owners?
Lower wages, higher profits, reinvestment in business.
Explain why international economic organisations promote free trade policies.
Reduces tariffs, enables profitable global trade.
How do the WTO and trade blocs promote free trade?
Reduce trade barriers, encourage FDI, improve market access.
How do special economic zones (SEZs) attract foreign direct investment (FDI)?
Tariff-free zones, tax breaks, transport links.
How do financial incentives from governments attract FDI?
Tax breaks, loans, location-specific investments.
How does deregulation and reduced protectionism affect FDI?
Eases foreign market entry, increases trade.
How does breaking up monopolies help attract foreign investment?
Encourages competition, reduces production costs, attracts FDI.
Explain why some countries remain ‘switched off’ from globalisation.
Political isolation, poor infrastructure, education, climate.
How does being landlocked limit a country’s global connections?
Reduces TNC investment, limits trade access.
How does lack of education limit a country’s ability to attract globalisation?
Unskilled population, reliance on subsistence farming.
What impact does an authoritarian government have on globalisation?
Limits trade, focus on self-sufficiency.
How do unfavourable climatic conditions impact global trade?
Limits transport infrastructure, hinders trade access.
Why do some countries remain disconnected from globalisation due to limited trade connections?
Poor transport, isolated regions, unequal access.
How do global trade barriers impact developing nations?
Limits access to global markets, slows development.
What are the benefits of TNCs in globalisation for owners/shareholders?
Increased sales, reduced costs, higher profits.
What costs do TNCs impose on local workers?
Poor wages, unsafe working conditions.
How do TNCs affect communities in developing countries?
Job creation but environmental harm.
What is the environmental impact of energy and mineral extraction TNCs?
Limited jobs, poor environmental reputation.
What long-term environmental issues result from Canada’s oil sands?
6,000 km² of boreal forest destroyed.