Globalisation Flashcards
(26 cards)
What is globalisation?
Globalisation is the increasing interconnectedness and interdependence of nations
What is a shrinking world?
A shrinking world is a belief that the distance between places seems to decrease due to advancements in transportation and communication.
What are TNCs? Give examples.
TNCs are large companies that operate in multiple countries.
Examples:
McDonald’s
Starbucks
Apple
What are international organisations? Give examples.
International organisations are often established by treaty that include members from more than one nation and operate across borders.
Examples:
The UN
The World Trade Organisation
The EU
Name some factors that have influenced globalisation.
International Organisations
Internet
TNCs
Reduced Trade Barriers
Increased population
What is containerisation?
Containerisation is a system of freight transport for use in sea shipping that has reduced the transport costs.
What are trade barriers?
Trade barriers are restrictions that governments or other authorities impose on the flow of goods and services across international borders.
What does FDI stand for? What does this mean?
Investment or ownership of assets in a country by a foreign company.
What is an intergovernmental organisation?
Two or more nations sharing interests and cooperate in specific areas.
An example would be the UN
What is a non-governmental organisation?
Organisation whose members are not governments but they are individuals.
An example would be the Red Cross.
What was the 1978 open door policy?
The open door policy supported equal privileges for all the countries trading with China and reaffirmed China’s territorial and administrative integrity.
What are some ways to judge how globalised a place is?
Membership of trade blocs/IGOs
Trade flows- exports v imports
Level of FDI
Migration numbers.
What is the KOF index?
It is a composite index combining 24 indicators spread across:
Economic globalisation
Social globalisation
Political globalisation
What is the AT Kearney index?
Kearney’s global cities report assess the extent to which cities are able to attract and generate global flows of people and ideas.
What is the Economic Centre of Gravity?
The average location of economic activities across the world (like the growing importance of Asia in the process of globalisation)
What is cumulative causation?
The process of self sustaining economic growth in a city or region.
Name some types of migration.
Temporary migration
Permanent migration
Rural to Urban migration
Urban to Rural migration
International migration
What is an Oligarch?
A very rich businessman or businesswoman with a great deal of political influence.
What is the global shift?
The relocation of industrial and economic activities (particularly manufacturing and service industries).
What has the global shift led to?
The global shift in manufacturing has resulted in deindustrialisation across many European cities.
What is deindustrialisation?
The reduction of industrial activity or capacity in a region or economy.
The closure of industries.
What is the spiral of decline?
Describes when unemployment leads to de-population
What does the IMD stand for? What does this mean?
Index of Multiple Deprivation
Helps to assess in which areas a community is deprived or not.
What is westernisation?
The adoption of the practices and culture of Western Europe by societies and countries in other parts of the world through influence.
