Globalisation EQ1 Flashcards
(72 cards)
What is globalisation
The world becoming more connected, through money, goods, or services. This could also relate to cultures or governments or environments being more connected to each other
Name 5 different types of globalisation
Cultural, economic, environmental, social, political
Who is in the G7
Canada, France, Germany, Italy, Japan, uk, us
How is globalisation lengthening
Connections between places are lengthening ( new links are growing between places that are great distances apart )
How is globalisation deepening
The world is becoming more deeply inter-connected. More and more people’s lives now connect with far-away places (e.g. through purchasing important commodities or cheaper personal travel). It is no longer just the richest people (the elites) who are ‘living globally’
What is a ‘shrinking world’
The idea of a shrinking world is one that came about due to developments in technology, communication and travel that allows places around the world to seem much more accessible than ever before.
Examples of global connections
Capital, commodities, tourists, migrants, information
Why has steam power accelerated globalisation
Became Britain’s leading power in 1800s using steam technology. Steam ships and trains moved goods and armies across Asia and Africa
Why has containerisation accelerated globalisation
Ships transport over 90% of goods and have become more efficient and even larger. Easier to transport to ports. Don’t require a large crew on the ship. Cheaper than aircraft
Why has aircraft accelerated globalisation
More expensive than ship so only 0.2% of goods transported this way. But makes up 15% by value because the goods are much more valuable. E.g. medical equipment fruit and vegetables from Africa or California or electronics. The engines are also much more efficient now
what are 5 different types of global connections
commodities
capital
tourists
migrants
information
how has commodities increased global connections
goods like raw materials such as food minerals and fossil fuels are traded between countries. Due to low production costs, more manufactured goods are sold worldwide. this is both agricultural and industrial
how has capital increased global connections
money and assets have become interlinked through stock markets and investment banks and pension funds
how has tourism increased global connections
through the rise of budget airlines such as airasia in emerging economies it has allowed air travel to become more accessible. also more distant places are now becoming destinations possible to visit.
how has migration increased global connections
this is the most challenging global flow as immigration laws have become obstacles. Countries embrace trade flow but try to resist migration
how has information increased global connections
through social media and on demand tv and the internet information can now be shared easily. It also means commodities can be bought more easily as communication is rapid
what was the development and advantages of telephones that created new global networks
the development of telegraph cables meant a 3-week boat journey is now replaced by instantaneous communication. This allows TNCs to operate in more than one country. Also the speed at which mobile technology is advancing it has allowed developing nations to “leap frog”
what was the development and advantages of internet that created new global connections
broadband advances allowed the quick transfer of information via message or email
e.g. music companies can pay people in lower income countries to create beats or sounds for songs then develop them back in the HIC country
what was the development and advantages of air travel that created new global connections
aerospace technology has evolved making plane much faster, efficent and quickly built. Also bigger planes means more passengers
what was the development and advantages or GPS that created new global connections
24 hour orbitting global positioning systems were launched in the 1970s. These broadcast psoition and time data throughout the world.
what are NICs
newly industrialised countries with rapidly growing economies. Just had a recent move from mostly agricultural economy to manufacturing. Origionally used to describe the tiger economies such as singapore, hong, south korea ext…. Now consists of countries such as brazil, china. india
what is the OECD
the organisation for economic cooperation and development. It is an international organisation that works to build better policies for better lives, equality and prosperity. Includes the 34 richest and most powerful countries such as UK, USA, Canada
What is the G20
it is a group of 20 countriestaht work together to address global issues such as climate change, global economy and sustainable development. It was created in 1999 in response to the financial crisis growing across some emerging economies
what is APEC
The asia-pacific economic cooperation is an economic group of 21 members. It has the primary goal of promoting free trade and sustainable development and was created in response to the rise of other economic groups like the EU
