Results of Globalisation
A mindmap showing the results of globalisation, and the advantages and disadvantages of these effects
- Created by: emily_w
- Created on: 24-11-14 11:25
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- Results of Globalisation
- (In)equality
- Racism due to more migrants
- More migrants in cities--multi-culturalism so less racism?
- Workers remain in poor working conditions because they are denied the right to form unions in China, Indonesia and Veitnam, and Nike exploit this
- Communication
- Media companies can influence how people think about issues
- Recognition
- More globally recognisable brands
- TNCs have a global market
- Loss of traditions through American-isation
- Trade vs Aid
- Economically valuable countries given more aid
- Ebola victims receive little aid but Japan had more than it needed after quake
- Outsourcing
- Things like materials and labour sourced from abroad
- Honda assembles car in Japan but doesn't make all the parts
- Brands
- McDonalds
- Adidas
- Nike
- Apple
- Exploitation
- TNCs exploit LEDCs because poor people will work for a low wage if it's all they can get
- Environment exploited by TNCs in countries where there are fewer laws regulating use of chemicals etc
- Growth
- Economies of countries grow due to increased pay
- "Baltic Tigers" Eonomies of Estonia, Latvia and Lithuania grew by 7-12% in 2006 due to foreign investment. Rates of unemployment fell below EU average
- Poverty
- It is not in TNCs interests to help solve poverty because labour would be more expensive
- The poor stay poor because they get paid a low wage and cannot afford things like education which would help them have a better life
- Monopoly of power
- A lot of power rests with very few people ("the 1%")
- The low paid workers are mostly powerless and will probably remain that way, especially if they cannot form unions
- Companies put smaller local businesses out of business by buying them. There is then no competition so the companies can charge what they like
- Capitalism
- Businesses are privately owned and making a profit is the priority
- Profit an be prioritised above ethics
- May lead to conflict with Communist regimes such as the Soviet Union or Cambodia
- You an keep the money you earn
- Culture
- Sharing of culture, eg Italian food
- Loss of cultural identity through American-isation
- Free Trade
- Free Trade is when there is no limit on the amount or the type of goods that an be traded
- Limitations have to be introduced so one company cannot dominate the market
- Free Trade limits the control of the Government over imports
- Can be dangerous, eg if ammunition ould be freely sold to Israel Russia act
- Still have safety regulations eg CE for safety
- Integration of economies
- Goods are cheaper
- EU
- Technology
- "shrinking world"
- Easier exchange of information
- Easier international trade due to jet engines ect
- Terrorism
- Easier for people to be recruited, eg IS recruitment over internet
- Americanisation may encourage people to fight back
- Accountability
- People or companies may be difficult to prosecute if they are very influential or the government is corrupt
- Boycotts, eg Russian vodka because of LGBT rights, or various companies like GAP boycotted because of angora. Reducing company's profit forces them to change
- Banks fined millions of pounds for fixing exchange rates
- (In)equality
- Integration of economies
- Goods are cheaper
- EU
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