globalisation Flashcards
(17 cards)
what Is globalisation
process of countries becoming more interconnected
what would happen if there was no globalisation
would be no interaction between countries
what would it be like if there was complete globalisation
the whole wolf would be like on big community
what is globalisation caused by
movement of information ,capital , products , services and labour
what does interdependent mean
countries rely on each other
ad the world is becoming more globalised, countries are becoming more interdependent
what 5 factors promote globalisation
flows of information ,capital , products , services and labour
flows of information
information can be spread across the world very quickly
development of email , internet , social media means large amounts of information can be exchanged instantly
people can live in different countries but work together
this increases flow of information and makes the world more interconnected
flows of capital
invested money
historically money was invested within the same country .
overtime the amount of capital invested in foreign countries have increases - FDI
communications technology have encouraged flow of capital around the world - it can be instantly moved via the internet
increasing flows of capital makes the world more interconnected
flows of labour
movement of people to participate within the work force from one country to another
more people are moving overseas - international migration . either to escape conflict or for work
some migrants are highly skilled workers - moving to more developed countries means higher wages
increasing flows of people between countries makes the world more interconnected
flows of services
flows of products
historically manufacturing industries were located in more developed countries
products were sold in the same country they were made
recently - manufacturing had decreased in more developed countries .
lower labour coats overseas means companies manufacture their products where its cheaper and then transport them to the country they are sold in.
changing flows in products is making the world more interconnected
marketing is becoming more global . what is marketing
the process of promoting and selling products or services
where are products sold today
products are sold world wide rather than then just in the country they were produced
marketing has become more
global
global marketing
treating the world as one single market
cheaper to have one marketing campaign for the whole world rather than having a campaign for every country
consumers associate a name or logo with a particular product or service
that is globalisation a result of
new systems
technology
relationships
