Factors Affecting Globalisation
- Created by: emily_w
- Created on: 27-11-14 17:06
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- Factors Accelerating Globalisation
- New technology
- Internet
- companies can advertise to more people
- Transport
- improvements on jet engines, boats and freight trains allow for faster and easier international transport
- air travel is more affordable, so cultures are spread through increased tourism
- Hardware
- boosts profits of American companies such as Apple because people want to update their device when a new one comes out
- outsourcing prevalent in tech industry
- Internet
- Emergence of TNCs
- Companies become transnational to boost trade
- Products will be more favourable if they are made in the country rather than being imported
- Example: Japanese company Honda producing cars in Swindon
- Example: Japanese company Honda producing cars in Swindon
- Fewer tariffs when selling within EU
- Products will be more favourable if they are made in the country rather than being imported
- Outsourcing
- Labour outsourced to China, Malaysia, Bangladesh, Central America ect because people will work for less
- Fewer regulations eg health and safety in LEDCs. Workers also cannot form unions
- Companies become transnational to boost trade
- International Organisations
- UN
- Aims to reduce conflict and promote international cooperation
- Founded in 1945 to prevent another war
- General Agreement on Tariffs and Trade
- Established 1948
- Promotes free trade and aims to reduce trade barriers, eg tariffs
- UN
- Increase in Global Wealth
- Demand for luxury goods
- TVs, phones, clothes ect
- boosts profits of TNCs
- more disposable income
- Demand for luxury goods
- New technology
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