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Flashcards in globalisation Deck (33):
1

globalisation

the process of the world becoming more interconnected becuase of technology and trade

2

spatial interaction

the usage of goods and services based on localised supply and demand

3

diffusion

the spread of new ideas or technology outwards from the original place, taken up by others

4

glocalisation

adaption of global products to suit local conditions

5

multinational corporations

has at least 1 other facility or head office based in a different country besides home country

6

time-space convergence

the process of travel that has been reduced by technological innovations in transportation

7

accessibility

measures how difficult it is to move anything from one place to another

8

adaptation

altering an existing idea or product to needs or wants of the location/time

9

adoption

excepting a new idea or product

10

Asian tigers

south korea, singapore, hong kong, taiwan

11

tiger cubs

thailand, brazil, india, south east asia, china

12

BRICS

brazil, russia, india, china, south africa

13

what makes them BRICS?

contains 40% of population but developing further

14

1500-1840

horse drawn carts and sailing ships 16 km/h

15

1840-1930

steam trains average 100 km/h

16

1950s

propeller aircraft 480-640 km/h

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1960s

jet aircraft 800 to 1100 km/h

18

2017 jumbo jet 747

885 km/h

19

s curve

innovators, early adopters, early majority, late majority, laggards

20

innovators

2.5%

21

early adopters

13.5%

22

early majority

34%

23

late majority

34%

24

laggards

16%

25

great Britain empire

300 years (1600-1900)

26

USA

80 years after civil war

27

japan

40 years after ww2

28

Rostows growth model stages

traditional society, precondition for takeoff, takeoff, drive to maturity, high mass comsumption

29

traditional society

low growth and slow change. Medieval Europe

30

precondition for takeoff

economic growth, social change and scientific discoveries. Europe, Age of Discovery

31

takeoff

rapid ecomoic growth and social change. Europe, industrial revolution

32

drive to maturity

rapid economic growth adn social change but slowing. Europe 19th-20th century

33

high mass comsumption

economic growth and social change slow.already educated. Europe late 20th