Globalisation

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  • Created by: Holly45
  • Created on: 30-04-15 19:39

Employment structure

  • globalisation is when countries are becoming increasingly interconnected

PRE-INDUSTRIAL: primary sector (extraction of raw materials such as farming or mining) mainly in Ethiopia, Nepal and Malawi

INDUSTRIAL: secondary sector (manufacturing goods in factories such as food processing or power stations) mainly in China, Mexico and Vietnam

POST- INDUSTRIAL: tertiary sector (services such as education or banking) mainly in the UK, Japan and France

QUATERNARY: provide information and expert help in knowledge based industries. People such as web designers or research scientists

  • gross national income is the average amount of money earned by a country in one year, devised by all the people who live there
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Comparing working conditions

WORKERS IN VIETNAM:

  • many people are coming into Vietnam
  • manufacturing jobs avalible
  • urban wages are high
  • fewer farmers
  • lots of traffic in the monsoon season
  • shortage of young people meaning older family members are left to work
  • long hours

WORKERS IN MALAWI:

  • have their own land
  • uses tools to help
  • only produces enough to feed their families
  • income is likely to increase

WORKERS IN THE UK:

  • UNISON are trying to help people
  • working conditions are not good
  • suffering from stress
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Global institutions

  • TNC: Transnational Corporation
  • IMF: International Monetary Fund
  • WTO: World Trade Organisation
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TNC's

  • one country owns the factories in one or more other countries and sells the products globally
  • always looking for the highest profit margin
  • factories are often in LEDC's to make the most of low wages
  • head quarters are in MEDC's
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IMF

  • 188 member counties
  • raises funds from the worlds wealthier countries
  • help counties that have become economically unstable
  • stops existing crisis' from developing and spreading
  • check investments and how banks work
  • help reduce global poverty by helping the worlds poorest counties
  • in 2012 they helped Greece
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WTO

  • aims to get countries to agree that goods trades between them will be free of duties
  • however cutting tariffs doesn't not always benefit all
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Impacts of globalisation on people

POSITIVE:

  • lots of people are now employed
  • they earn much more than they would on a farm
  • many workers can now afford to send their children to school
  • increases awareness of events far away in other parts of the world like tsunamis
  • may help people more aware of global issues like deforestation

NEGATIVE:

  • long hours
  • dorms are shared by 20+ workers which means illnesses can spread easily
  • little health and safety
  • operates mostly in the interests of the richest countries
  • no guarantees that the wealth from inward investments will benefit the local community
  • threat to the worlds cultural diversity
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World trade

  • TRADE: dealing goods in exchange for other goods
  • IMPORTS: goods coming into a country
  • EXPORTS: good going out of a country
  • CAPITAL FLOWS: the movement of money
  • FOREIGN DIRECT INVESTMENT: TNC's spent money in LEDC's and NIC's to help the TNC's to set up a factory in LIC's
  • INTERDEPENDENCE: countries rely on eachother as they are unable to meet their own needs
  • BRICS countries are becoming significant investors in Africa, including manufacturing and services
  • BRICS countries have joined the top ranks in investing countries
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Out sourcing in the tertiary sector

  • cheap labour
  • they're cheaper to run
  • TNC's get more profit
  • places like the Indian call centres
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