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
1 of 17
What causes globalisation?
transport & communications, increasing number of global connections
2 of 17
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
3 of 17
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
4 of 17
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
5 of 17
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)
6 of 17
What is time/space convergance?
- Physical distances between countries remain the same, these are overcome by improved communications - reduced friction of distance -
7 of 17
What 5 factors have accelerated globalisation?
TNCs, transport, technology, international organisations, markets
8 of 17
How can you measure developement?
GDP of a country
9 of 17
What are the economic indicators of development?
Gross natural product, GDP, Purchasing power parity
10 of 17
What are the human indicators of development
Physical quality of life index, human development index, human suffering index
11 of 17
What are the political groupings of countries (trade blocs)?
agreements that are drawn up which allow national boundaries to be crossed
12 of 17
Why do countries join political groupings (trade blocs)?
So they can trade freely with other countries, so their TNCs can benefit from other countries
13 of 17
Examples of trade blocs?
EU, Austria, Germany, Poland. NAFTA: Mexico USA
14 of 17
How has TNC's contributed to globalisation?
Improved communication between countries
15 of 17
What is a global network?
How countries are linked together through nodes.
16 of 17
What is a global hub?
Settlement or area that is focal point for activities that have a global influence e.g. mumbai London
17 of 17
Other cards in this set
Card 2
Front
What causes globalisation?
Back
transport & communications, increasing number of global connections
Comments
No comments have yet been made