3.1a Globalisation
- Created by: Serena_orme
- Created on: 03-06-22 16:57
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- 3.1a
- What is Globalisation?
- Globalisation is the process of increasing interconnectivity between countries
- Globalisation has increased connectedness of the world's economic, social, cultural and political systems
- Economic globalisation:the growth of TNCs, which have a global branch image and presence; the spreading of investment around the world; rapid growth in world trade.
- Cultural: unifying and diversifying; people using increasingly similar: food, clothes, music, values - many of which are 'western' in origin (from North American and Europe)
- Political: spreading ideologies, global organisations(e.g. the UN), the dominance of western democracies in political and economic decision making; spreads the view that democratic, consumerist societies are the most 'successful'
- Environmental:agreements (Paris), pollution affecting other countries, species being spread to other countries; global warming is a global threat requires a global solution
- Demographic: increasing migration and tourismmakes populations more fluid and mixed
- Globalisation has increased connectedness of the world's economic, social, cultural and political systems
- Globalisation is the process of increasing interconnectivity between countries
- Widening and DeepeningGlobal Connections
- Widening: links to new places, often farther away
- Deepening: numbering type of connections increase, and volume of flows grows.
- Interdependence
- Globalisation increases interdependence
- Success of one place depends on the success of other places
- Economic problems in one country can quickly spread to its trading partner and quickly affect people in distant places
- April 2011, staff at Honda factory in Swindon had to work only two days a week due to a soppy shortage following the Japanese tsunami
- The German DAX (Stock Market) lost 1.2% within minutes after the tsunami
- Flows
- Increase in flows of: Goods and services, capital, people, information
- Goods and services: Products and commodities, that can be bought, and are often made or grown in other countries
- Capital: flows of money between people, banks, businesses and Govs
- People: including migrants and tourists
- Information: e.g. data transferred between businesses and people, often using the internet
- Increase in flows of: Goods and services, capital, people, information
- Examples
- In the 1960s people holidayed in the UK or Spain - now holidaying in Dubai or Florida is not too exotic
- 1960s: Clothes made in the UK- now China, Vietnam, Bangladesh
- Untitled
- What is Globalisation?
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