Globalisation

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  • Created by: Danielle
  • Created on: 13-05-13 21:00
Define 'globalisation'
IMF - the growing economic interdependence of countries worldwide through increasing volumes and variety of cross transactions in trade of goods/services, freer international flows, more rapid and widespread diffusion of technology
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What causes globalisation?
transport & communications, increasing number of global connections
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How does globalisation impact finance?
- global capitalism is spread between TNC's with greater turnovers than the GDP of some smaller countires, exploiting cheap labour - worldwide reduction in prices as countries compete for lower prices
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How does globalisation impact politics?
- Companies such as 'news international' control sky TV and influence how people vote and think about their issues - Expansion of international political organisations e.g. the EU - Some global barriers e.g. tariffs and quotas have been removed
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How does globalisation impact people?
- Those with skills in management and finance are moving around the world to where they are most in demand - Migrant labour is flowing to areas with higher wages and better standards of living e.g eastern European migrants coming to UK for work
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How does globalisation impact culture?
- Global tourism is transporting people to far flung overseas locations - info is transferred through email/global media (phone/internet connections becoming cheap) - global village is occurring (people share interests e.g. sport music film)
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What is time/space convergance?
- Physical distances between countries remain the same, these are overcome by improved communications - reduced friction of distance -
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What 5 factors have accelerated globalisation?
TNCs, transport, technology, international organisations, markets
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How can you measure developement?
GDP of a country
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What are the economic indicators of development?
Gross natural product, GDP, Purchasing power parity
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What are the human indicators of development
Physical quality of life index, human development index, human suffering index
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What are the political groupings of countries (trade blocs)?
agreements that are drawn up which allow national boundaries to be crossed
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Why do countries join political groupings (trade blocs)?
So they can trade freely with other countries, so their TNCs can benefit from other countries
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Examples of trade blocs?
EU, Austria, Germany, Poland. NAFTA: Mexico USA
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How has TNC's contributed to globalisation?
Improved communication between countries
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What is a global network?
How countries are linked together through nodes.
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What is a global hub?
Settlement or area that is focal point for activities that have a global influence e.g. mumbai London
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What causes globalisation?

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transport & communications, increasing number of global connections

Card 3

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How does globalisation impact finance?

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Card 4

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How does globalisation impact politics?

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Card 5

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How does globalisation impact people?

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