New GSGG Flashcards
(90 cards)
Globalisation
the growing interdependence of countries worldwide
Factors of Globalisation (4)
- Social
- Economic
- Cultural
- Political
social as a factor of globalisation
families being able to connect easily
economic as a factor of globalisation
TNCs/goods
cultural as a factor of globalisation
foods and cultural practices
political as a factor of globalisation
international agreements
is globalisation a new process
- globalisation is not a new process eg trade routes in India, but the speed at which it is occurring has increased
definition of dimensions of globalisation
Flows- movements around the world
flows of globalisation
(4)
- capital
- labour
- services and information
- products
flows of capital
- money moving around the world
- FDI, repatriation, aid and remittences
- FDI: 2016- 1500 billion dollars, has increased since the 90s
- aid from world bank and IMF
flows of labour
- people moving as migrants
- national and international
- international migration has greatly increased
- migrants send remittances
- in 2014 25 percent of Nepals GDP came from remittances
flows of services and information
- tertiary services
- customer services eg BT in India
- news
- social media
flows of products
- goods
- previously between HICs
- Global/Asian shift
- China is the largest manufacturing countries
Global marketing
- promoting and selling of product and services
- world is viewed as one market
- companies can have a global brand eg coke the same all over the world
Glocalisation
products are adapted for a certain location eg Mccdonalds in India doesn’t sell beef
past patterns of production and consumption
- production of goods use to be in HICs due to industrialisation eg cars made in Detroit
- consumption in HICs
present patterns of production and consumption
- due to industrialisation and global shift, manufacturing has moved to Asia
- China open door policy
- consumption still predominantly in HICs but growing in NEEs due to growing middle classes
future patterns of production and consumption
- USA make America great again- will production go to HICs
- will Chinas investment in Africa lead to production being there
factors in globalisation
- technology
- systems and relationships
- financial
- transport
- security
- communications
- management
- trade agreements
technology as a factor for globalisation
- shrinking world effect
- world feels smaller as it is more connected
- eg communication or travel to Australia easier
- increases connectivity
systems and relationships as a factor of globalisation
- just in time production, improves efficiency
- managed through ICT
financial as a factor of globalisation
- global financial systems governing flows of capital
- WTO and WB
- neo liberal policies
transport as a factor of globalisation
Container ships:
- large containers moving between ships, trains and lorries
- reduce transport times and costs
Air Transport:
- increases speed of delivery of goods
- can be expensive
- more tourists and migrants
security as a factor of globalisation
- can contribute and limit
- countries work together to increase security of transport
- laws
- can increase flow of goods
- strict migration laws can reduce flows of people