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- Created on: 31-12-18 12:31
Types of Globalisation - 1
- The growth of TNCs accelarated the cross border exchanges.
- ICT supports the growth of complex spatial division of labour.
- The growth online purchasing.
- International immigration has creaed extensive family networks across national borders.
- Improved life expectancy and litracy levels.
- Social interconnectives has grown through social media.
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Types of Globalisation - 2
- The growth of trading blocs reduces the amount of trading tariffs and restrictions.
- Global concerns such as free trade, crunch credits and global responces to crisis.
- The World Bank, IMF and WTO work internationally to harmonise national economics.
- Western cultural traits come to dominate in some territories.
- Globalisation and hybridisation are a consequence of old local cultur merging with new global influences.
- The circulation of information has accelarated thanks to 24 hour reporting.
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Network Flows - 1
- Major capital flows are through the world's stock markets on a global sacle.
- In 2013 the volume of these foreign exchange transactions reached US$ 5 trillion per day.
- Valuable raw materials have always been traded between nations.
- Flows of manufactured goods have multiplied in size in the recent years, especially due to low production costs in countries such as China.
- The internet has brought real time communication between long distance places.
- Social networks have increased dreamatically in size.
- On demand TV has increased datausage further.
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Network Flows - 2
- Budget airlnes have brought an increase in air travel with manageable budget.
- Increasing number of people from developing countries are also traveling abroad as well.
- The permenant movement of people still faces the greatest number of obstecles due to governmental restrictions world wide.
- As a result most governments try to embrace trade but attempt to ressit migrant flows.
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Trade and Transport in the 19th Century
- In the 1800s Britain became the leading world power using steam power.
- Steam ships and trans moved goods and armies much faster.
- In the 1800s, railway networks expanded globally.
- Even today railway building remains a priority for gevernments.
- The intercontinental Boeing 747 in the 1960s made international traver much more common.
- The expansin of the cheaper airlines has allowed more people to be able to travel.
- About 200 million individual container movements take place each year.
- Shipping is named as the backbone of the global economy since the 1950s.
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Case Study: easyjet
- Founded in 1995.
- Most major European cities can now be navigated by easyjets cheap flight networks.
- Easyjet started with just 2 airctafts and by 2014 the company owns about 200 aeroplans.
- In 1995 it carried around 30,000 passengers and in 2014 that has increased to about 65 million passengers.
- The company now also has many international flights to places such as Egypt, Morocco and Turkey.
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