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What is two speed world?
Developing countries - slow e.g Kenya, Developed countries - fast e.g UK
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What are the positive effects of globalisation?
More varied cultures, countries become closer, tourism, cheaper products, variety of food
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What are the negative effects of globalisation?
Cheap labour in china, exploitation of workers, racial tensions
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What is the core?
Most wealth is produced for example North America, Europe, Japan
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What is the periphery?
distant from the come markets, poorer countries
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Core facts
The core owns and consumes 80% of global goods and services, earns the highest incomes, provides most global investment
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Periphery facts
Owns and consumes 20% of global goods and services, despite having 75% of the global population, earns low income - 2.5 billion live on under $2 a day
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Core and periphery trade
South to north - primary goods, raw materials, food products, north to south - manufactured/processed goods and services
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What is the modernisation theory?
The world would become more economically uniform, using western investmeant, aimed at reducing poverty
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Card 2

Front

What are the positive effects of globalisation?

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More varied cultures, countries become closer, tourism, cheaper products, variety of food

Card 3

Front

What are the negative effects of globalisation?

Back

Preview of the front of card 3

Card 4

Front

What is the core?

Back

Preview of the front of card 4

Card 5

Front

What is the periphery?

Back

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