SEE: Globalisation: 3.1A
- Created by: MaggieNaylor
- Created on: 08-03-22 17:03
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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
- Widening
- 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
- Globalisation increases interdependence!
- 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
- Flows of manufactured goods has increased due to low production costs
- 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
- Case study: safari.com
- 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
- Case study: easyjet
- Information
- Internet allows for real time communication of information
- Facebook had 1.5 billion users by 2015
- Internet allows for real time communication of information
- Commodities: movement of raw materials around the world
- Connections
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