Globalisation Flashcards
What are the dimensions of globalisation?
PULSED - Political, Urban, Linguistic, Social/Cultural, Economic/Environmental, Demographic
Give an example of an economic dimension of globalisation.
The WTO and TNCs expanding global trade, leading to rapid economic growth in RICs and NICs
Give an example of an urban dimension of globalisation.
There is a hierarchy of global cities that command the global economy, with New York, London and Tokyo right at the top
Give an example of a social dimension of globalisation.
Western culture has spread throughout the world through TV, cinema, the Internet and TNCs, however other cultures have also influenced the West through cuisine and religion
Give an example of a linguistic dimension of globalisation.
English has emerged as the language of the ‘global village’, with 1.9 billion speakers (1.5 of which speak it as a second language). Many local languages are in danger of dying out (Bhutan)
Give an example of a political dimension of globalisation.
Growth of trading blocs (EU, NAFTA) and ‘world government’ (UN) but also rise of global terrorism
Give an example of a demographic dimension of globalisation.
Desire of people to move across borders
Give an example of a environmental dimension of globalisation.
Long range transportation damages the environment globally, international cooperation through Earth Summits
Define globalisation.
The increasing interconnection and interdependence of the world’s economic, cultural and political systems
Define global shift.
The large scale filter down of economic activity from MEDCs to NICs to LEDCs
Define Newly Industrialised Countries.
Nations that have undergone rapid and successful industrialisation since the 1960s
Define transnational corporation.
Corporation which has the ability to organise and control operation in more than one country, even if it does not own them
Define foreign direct investment.
Overseas investments in physical capital by TNCs
Define internationalisation.
Extension of economic activities across national boundaries; essentially a quantitative process that leads to a more extensive geographical pattern of economic activity
Define new international division of labour.
Divides production into different skills and tasks that are spread across regions and countries rather than within a single company
Define World Trade Organisation.
Established in 1995, a permanent organisation to arbitrate trade disputes
Define global civil society.
A range of organisations and individuals who are challenging the way globalisation operates; their aim is to civilise globalisation, making the process more democratic at all levels
Define religious fundamentalism.
Movements favouring strict observance of religious teaching
One in every 35 people are…
…living outside the country of their birth
Define deindustrialisation.
The long-term absolute decline of employment in manufacturing
Define global city.
Major world city providing financial, business and other significant services to all parts of the world
15% of jobs in the UK are in what sector?
Secondary; however output has increased by 13% since the early 1990s
Why is there a widening social division in the UK?
Wages at the top end in the financial and businesses sectors have risen due to the success of these industries, however wages for unskilled and semi-skilled jobs have stayed low
The UK is the ………….. most attractive country in the world to invest in.
Second