GLOBALISATION


	GLOBALISATION
	Causes TNC's: have brought cultural and economic changes to places where products are made and consumed. Transport: 1960s cheap air travel. Now budget airlines allow mass international travel. IT:technological advancements hae increased communication e.g. via video conferencing/email. International organisations: e.g. the world monetary fund gives loans to poor countries (they could connect/develop). Others include NGO'S i.e. Oxfam who connect people through aid and debt relief. Markets: more people have increased wealth, more demand fr consumer goods, leading to the growth of stock markets such as London/Shanghi	Effects Finance:global capitalism is spread by TNC's/ use of cheap labour in LEDC's/worldwide reduction of consumer prices. Culture:global tourism/loss of cultural identities/spread of information through inexpensive technology. people: highly skilled people are socially mobile/migrant labour is flowing to areas of better standards of living/poor working conditions and exploitation/racism and migration issues. Politics:loss of national identity/companies influence how people vote and think/removal of some trade barriers/expansion of international political organisations i.e. EU.
	Overall summary

TNC's: have brought cultural and economic changes to places where products are made and consumed.
Transport: 1960s cheap air travel. Now budget airlines allow mass international travel.
IT:technological advancements hae increased communication e.g. via video conferencing/email.
International organisations: e.g. the world monetary fund gives loans to poor countries (they could connect/develop). Others include NGO'S i.e. Oxfam who connect people through aid and debt relief.
Markets: more people have increased wealth, more demand fr consumer goods, leading to the growth of stock markets such as London/Shanghi

Finance:global capitalism is spread by TNC's/ use of cheap labour in LEDC's/worldwide reduction of consumer prices.
Culture:global tourism/loss of cultural identities/spread of information through inexpensive technology.
people: highly skilled people are socially mobile/migrant labour is flowing to areas of better standards of living/poor working conditions and exploitation/racism and migration issues.
Politics:loss of national identity/companies influence how people vote and think/removal of some trade barriers/expansion of international political organisations i.e. EU.

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