How technology and trade blocs have contributed to globalisation

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  • Explain how technology and trade blocs have contributed to globalisation.
    • technology
      • transport
        • cheap air travel
          • importing and exporting of goods easy and cheaply
            • containerisation
              • 9000+ containers per ship
              • vital for economic globalisation
                • cheap air travel
                  • importing and exporting of goods easy and cheaply
                    • containerisation
                      • 9000+ containers per ship
                      • vital for economic globalisation
        • communication
          • internet
          • mobile
        • created a shrinking world
          • TNC's can locate manufacturing in LEDC to gain more profit
          • creates time space compression
      • globalisation
        • economic  globalisation
          • development of TNC's and markets
        • cultural  globalisation
        • Demographic Globalisation
          • increasing migration
          • mixing of population
        • environmental globalisation
          • global environments require global solution
        • the many ways in whuich people and places are becoming globally linked
      • trade blocs
        • Political groupings
          • EU
            • makes movements of goods and money easier
          • NAFTA
            • North America
            • Mexico
              • supply cheap labour force
              • American TNC's can exploit human resources
        • Comparative Advantage
          • countries trade with other for things they are good at making
          • French vineyards have good climate to produce wine
        • TNC's
          • allow trade between MEDC's and LEDC's
          • creates idea of shrinking world
          • A8 nations joined EU
            • Tesco gained access to 75 million new customers
        • countries that make agreements to reduce barriers to trade
          • tax-free quotas
          • removing tariffs (taxes on imported goods)

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