Globalisation Flashcards
Increases inequality in developing countries
-> unfair distribution of wealth and power
Against common belief companies employ skilled workers in poor countries and pay high wages
BUT unskilled workers don’t get opportunity to work for the company
-> inequality rises
Global market has become very competitive
-> customers want to buy good quality products at low cost
- > outsourced jobs to low wage countries
- workers in so called sweatshops (inhumane working conditions)
- 2013 Bangladesh: Rana Plaza factory collapsed, more than 1000 workers were killed
Close links and collaborations between companies can be fatal
- financial crises, start in the USA
- shows how quickly they can develop into a global crises affecting the economies of numerous countries
Polar ice will melt causing sea levels to rise
-> flooding coastal areas
100 inhabitants of Tegua Vanuatu had to abandon their island in Dec. 2005
Warme temperatures
More diseases
- Mosquitos like warm temperature
- the carry diseases like Malaria or Dengue
20-30% of plant and animal species are likely to be at increased risk of extinction
Development of planes, ships and trains
-> fast transportation of goods between countries
1343 arrivals and departures per day at Frankfurt international airport