SEE: Globalisation: 3.1A

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  • 3.1A: Globalisation
    • Connections
      • Widening
        • We are purchasing products/travelling further than ever before
        • E.g. fiji water from fiji is available in the UK
      • Deepening
        • Globalisation permeates all of our lives in more ways than ever
        • E.g. our phones, clothes, food can be sourced from all over the world
    • Globalisation: the process through which the world has become more interconnected and interdependednt socially, economically, and politically
    • Interdependence: the reliance on economic, social, or political links to maintain benefits for two or more countries or groups of people
      • Globalisation increases interdependence!
        • Global flows makes places more interconnected, therefore increasing their interdependency
    • Flows
      • Commodities: movement of raw materials around the world
        • Flows of manufactured goods has increased due to low production costs
          • 1/3 of the world's GDP is made of of trade flows of commodities
      • Capital: movement of money through the stock market globally and daily
        • Case study: safari.com
          • Capital being transferred via mobile phones in Kenya
          • Has revolutionised banking for fishermen, women, and other groups
        • In 2013, the value of foreign exchanges reached US$ 5 trillion a day
      • Migrants: still face biggest barriers, but more people are migrating due to more open borders than ever before
      • Tourists: aircraft companies now buy 'pleasure peripheries' to allow tourists to travel further and cheaper
        • Case study: easyjet
          • 65 million customers annually
          • Tickets as cheap as £20
      • Information
        • Internet allows for real time communication of information
          • Facebook had 1.5 billion users by 2015

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