Results of Globalisation

A mindmap showing the results of globalisation, and the advantages and disadvantages of these effects

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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
  • Integration of economies
    • Goods are cheaper
    • EU


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