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Geography-- Global Systems and Governance > Globalisation > Flashcards

Flashcards in Globalisation Deck (29)
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1

globalisation definition

a process by which national economies, societies and cultures have become increasingly integrated through the global network of trade, communication, transport and immigration

2

how is communication influenced by globalisation

people are interlinked more so can communicate more easily. social media heavily involved. means we know what is occurring around the world more

3

how is the environment impacted by globalisation (positively and negatively)

countries can come together to help and set policies - also companies such as the WWF can benefit more as we are all joined together
more trade can also mean more pollution- bad. rainforests cut down

4

in 1983 90% of American media was owned by how many companies

50

5

in 2011 90% of American media was owned by how many companies

6

6

what do international flows of capital refer to

refers to all financial transfers between companies for investment, trade or production

7

the flow of capital in the 20th century was boosted by..

the deregulation of financial services- allowing banks and companies to more freely move money across national boundaries

8

what is remittance

transfers of money from migrants to relatives back home- flows of capital back to periphery nations

9

what is FDI

foreign direct investments-- money or assets invested by TNCs

10

what is the IMF

international monetary fund- aims to allow economic stability and foster international trade

11

how much global FDI was there in 2016

$1500 billion

12

how has flows of trade changed in recent years

manufacturing has decreased in more developed countries due to lower labour costs overseas. companies then import the products to the countries where they are sold (eg Dyson is produced in Malaysia but sold in the UK)

13

international trade in manufactured goods is increasing, in the UK how much was imported in 1990 compared to 2008

UK imported £200 billion of manufactured goods in 1990 and £550 billion in 2008

14

changing flows of products has caused countries to be ...

interdependent

15

causes of globalisation

the movement of: information, capital, products, services and labour

16

how has globalisation impacted information and communications technology (ICT)- particularly banking

has allowed services to become global industries. banking depends on communication and the transfer of information. improvements to ICT has meant that services can locate anywhere in the world and be able to serve customers around the world

17

what is an economy of scale

cost advantage of large scale output of a product as savings are made by spreading the costs over more units

18

example of an economy of scale

ford fiesta new bonnet -- research ($1.5 mil), design ($0.5 mil), development ($2 mil), manufacture ($3 mil). all together= $7 mil. sold 10 million cars so each new bonnet cost 70 cents

19

how many countries is coca cola sold in

all countries bar north Korea

20

main dimensions of globalisation (flows)

flows of capital
flows of labour
flows of products
flows of services
flows of information

21

where is the largest flow of labour

mexico to the USA

22

why is there a large flow of labour from Mexico to the USA

increased opportunity in the USA
geographical proximity

23

what is global shift

global shift is the movement of manufacturing to lower wage economies

24

what is high skilled labour

high paid, decision making, research and managerial occupations. largely focussed in developed countries

25

what is low skilled labour

poorly paid assembly occupations. focussed in developing nations with low labour costs

26

what are global peripheries

areas relatively unaffected by global interactions of globalisation

27

example of a global periphery

mainly Africa - as it predominantly underdeveloped and faces many social challenges (eg segregation in South Africa)

28

what are global cores

industrialised countries on which periphery and semi periphery nations depend. they control and benefit the global economy

29

example of global core countries

USA and China