globalisation Flashcards
(328 cards)
What is globalisation?
The world becoming more interconnected as ideas spread across the world
What are 4 different types of globalisation?
- Economic
- Political
- Environmental
- Cultural
What do developments in trade and transport lead to?
A time-space compression resulting in a ‘shrinking world’
What were created in the 19th century resulting in globalisation?
- Telegraph lines
- Steam ships
- Steam trains
What were created in the 20th century resulting in globalisation?
- Jet aircrafts
- Containerisation
What were created in the 21st century resulting in globalisation?
- Mobile phones
- Internet
- Social networking (Skype/Zoom)
- Electronic banking
- Fibre optics
When was the telegraph line first used to directly communicate, and by when was there a telegraph line from the US to Europe?
First used in 1844; US to Europe in 1866
For the Manchester railway, when did it open and what was special about it?
Opened in 1830 with timetabled railway service and scheduled freight
By 1845, how many km of the railway was open?
Almost 4000 km
What did steam trains replace and when and where?
Horse drawn carriages—Liverpool 1812
When were steam ships first rolled out, and how fast were they?
1822 at 5 mph
By what year had reliable trans-Atlantic passenger service begun?
1938
What do telephones allow developing countries to do?
Technological leap-frogging
Finish the sentence: Jet aircraft revolutionised…
Travel in the 1960s for the middle class (reduced from days in ships to hours)
By what year had how many Americans flown?
By 1972, almost half
How many shipping containers are there globally? Give an example.
17 million—Amazon
What is the size of a standard shipping container?
- Length: 10’, 20’, 30’
- Width: 8’
- Height: 8.6’
How many people use Skype and Zoom?
- 300 million/month for Skype
- 300 million/day for Zoom
What can GPS be used for in retail?
Tracking and managing orders, increasing the reliability of the company
How many km of ocean floor fibre optic cables exist?
Over 1 million km
What does IGO stand for and what do they aim to do?
Inter-governmental organisation; aim to restabilise the world and promote economic growth via promoting free trade policies and FDI
Name 3 IGOs.
- World Bank
- International Monetary Fund (IMF)
- World Trade Organisation (WTO)
What principle does the International Monetary Fund work around?
Privatising government assets in return for loans
What does the World Bank do?
Provide development loans to developing countries