the process in which people, cultures, goods and information is transferred between countries with few or no barriers
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name the 4 factors that have accelerated globalisation
technological development, growth of TNCs, growth of new markets, growth of international organisations
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what is a global village
the idea of the world being a small place as modern communication allows fast efficient contact
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what is space/time convergence
implies the idea of a shrinking world due to advances in transport and communication where time and distance is less restictive
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how do TNCs improve globalisation
create links between different countries, supply product to different cultures, develop new technology, create the global village, create new markets, set up in LEDCs, emplot people from more than one country
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what are the three key ideas to gloacalisation
buying products and components locally, adapting products to meet loacal laws and regulations, adapting products to meet local tastes
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name good example of glacalisation and some facts
Mcdonalds: in the uk all meat and milk is sourced from british or irish farms, halal meat is used in the middle east, vegetarian option in hindu india
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the world bank is an international bank consisting of how many members
193
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whaty does the IMF do and how many members does it have
its a global financial system with 188 members
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what does the UN do
cooperation in international law, security, economic development, human rights and world peace
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What is NAFTA and name the members
a trade agreement, USA, Canada and Mexico
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what is the EU
a trade agreement allowing free movement of people and it also contains a common currency
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name 5 facts about disney
income $50billion, 180000 employees, employes 30000 in euro disney, has spanish speaking radio station, world 11th most valuable brand
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give 3 economic indicators
GDP/capita.CO2 emmissions, employement in agriculture
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give 3 socail indicators
life expectancy, infant mortality, adult literacy rate
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what is the most commonly used index
human development index
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give examples of NICs and RICs
china, india, brazil, argantina
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what are the characteristics of OPECs
wealth maily comes from oil and gas
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Why are LEDCs disconnected
lack of TNC investment, war/conflict, non industrialised, exploitation during colonial era, trade injustice, debt crisis
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why are MEDCs connected
TNC investment, early industrialisation, technology and infrastructure, skilled work force, members of international organisations
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sate 5 social economic costs of gloabalisation
exploitaion of workers, deindustrialisation, loss of first and secondary sector work, inequality, unfair trade
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sate 5 social economic benefits
increased wages and employment, trade with few/no barriers, more goods and services avaiilable, improved transport and infrastructure, education
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5 environmental costs
pollution. soil erosion, waste/landfill sites,loss of greenspace and pressure on greenbelt, climate change
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5 environmental benfits
reuse of deralict land, decreased polluion in MEDCs, old buildingd renewed, more greenspace, renwable technology
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Other cards in this set
Card 2
Front
name the 4 factors that have accelerated globalisation
Back
technological development, growth of TNCs, growth of new markets, growth of international organisations
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