globalisation facts Flashcards
(27 cards)
containers
invented in 1956
320% increase in trade in the first 5 years
Air travel
First transatlantic flight was 1919
Boeing 747 invented in 1960
1 million passengers in the air at any one time
Internet
www. invented in 1991
Fibre optics have made it faster
50% of the world population are internet users
Mobile phones
5 billion people around the world have a mobile phone
World Bank/ IMF
Founded in 1944 at Bretton Woods
USA has 16% of the votes
Promotes Neo-liberalsim (free market capitalism and Privatisation of public services - especially in the 1980s)
WTO
Founded in 1995
Promotes free trade
China Open door policy
1978
created SEZ (Special Economic zones)- low tax zones to attract FDI
EU Trade bloc
Free Trade between countries in the bloc
Free movement of people in the bloc
Enables the bloc to tax goods from outside the bloc that they don’t
want in order to protect own industries
AT Kearney Index
Measures levels of globalisation
Looks at Political G (eg number of international organisation in)
And Economic G (eg amount of FDI in to the country)
Social G (eg number of internet users)
Netherlands is top
KOF Index
same as AT Kearney but also Looks at technology eg. nr of server hosts
Taiwan W/L of global shift.
One of the first NICs
Started developing in 1958.
Opened up to TNCs (Free market/liberalism)
Sweat Shops
Mattel went there in 1967 to make Barbies - left in 1987 as wages grew
(footloose industry)
Economy grew at 10% per year for 30 years
Multiplier effect
Now a tertiary economy
Switched-on’ to Globalisation
Environmental issues – pollution, car ownership, changing diet, nuclear
waste, increase consumerism, landfill
eSwatini
Landlocked
Main export is sugar- low value
Switched off to globalisation
North Korea
Bans internet and ALL western goods
Switched off culturally (political)
India
centre for call centres - esp city of Bangalore
350,000 call workers in the country
Ebbw Vale
Deindustrialised
12,000 jobs lost at steel plant
1/6 of population taking antidepressants
Dhaka - Bangladesh
4million live in slums
1100 died in Rana plaza-textile factory
Russians to London
1/3 of all property sales to overseas buyers are to Russians
Qatar
2.3bln low wage migrants:$10 bln sent home in remittances
Yanomami
Tribal group impacted by westernisation :
Intro to alcohol and western diet cause rotting teeth + “western” illnesses eg colds and malaria
Mcdonalds
In over 100 counties)
glocalisation eg. wiesmak in PL, adapting to local taste
Anti-globalisation movement
Censorship
China only allows 34 foreign movies.
Has own version of Google and Facebook
Rise of right wing political groups who oppose cultural globalisation eg UKIP
Environmental pressure groups eg XR, Greenpeace
paralympics
huge growth in viewing/ acceptance (London 2012 Olympics)
Totnes
Incredible edible - grow food in unused places (eg station), reduces food miles
Fairtrade- encourage fairtrade in shops. Better wage/price for producers. Must use sustainable farming techniques
Recycling – 60% of waste recycled (vs 40% nationally). Promotes circular economy
Totnes Pound –encourages spending in local stores (reduced transport miles). Reduces TNC profit leakage.
GDP
the total value of all goods and services produced in a country in a given period
