3.2.1.1. Globalisation

Created by: teese
Created on: 30-05-22 14:42

globalisation is the process of --------- becoming more --------

countries
connected

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How do flows of information cause globalisation?

The availability of internet, social media etc. allows people living in different countries to communicate and work together. This is interconnection.

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How do flows of capitol cause globalisation?

FDI (foreign direct investment)
improvements to ICT has allowed flows of capitol to instantly be moved around the world via the internet.
Flows of capitol are making the world more interconnected as some economies rely on flows of investment from other co

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How do flows of products cause globalisation?

historically, manufacturing companies were placed in developed countries and the products were sold to the countries they were made in.
Lower labour costs and lax environmental laws have caused companies to relocate in LICS and NEES to preserve profit.
i

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What are flows of services?

Flows of services are economic activities that don't produce material goods e.g. banking.

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How do flows of flows of services cause globalisation?

National financial markets make it easier to international business deals.
High level services tend to be located in the cities of developed of countries. Low level services are located in developing where the labour is cheaper.
Interconnection.

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How do flows of labour cause globalisation?

more people are moving overseas - international migration.
some migrants are highly skilled = move to HICS
some migrants are unskilled = move within or to other LICS and NEES.

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What is the definition of marketing?

the process of promoting and selling products or services.

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How is marketing becoming more global?

many products and services are sold all over the world - globalisation.
global marketing can create global brand awareness - consumers recognise a brand all over the world.
can lead to glocalisation of a product.

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the year globalisation started to accelerate.

from the 1980s.

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Other cards in this set

Card 2

Front

How do flows of information cause globalisation?

Back

The availability of internet, social media etc. allows people living in different countries to communicate and work together. This is interconnection.

Card 3

Front

How do flows of capitol cause globalisation?

Back

Card 4

Front

How do flows of products cause globalisation?

Back

Card 5

Front

What are flows of services?

Back

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3.2.1.1. Globalisation