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Flashcards in Globalisation inequalities Deck (6)
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1
Q

Examples of how does Globalisation cause interdependence

A

Economic- oil
Political- Syria migrant crisis
Social- Migration

2
Q

How do flows cause inequalities

A

Developed countries receive more benefits due to flow of labour, money, Technology and ideas

3
Q

How does unequal flows of people cause inequalities

A
  • Developing to developed
  • Migrants often do jobs others don’t want to do
  • Brain drain a loss of skilled workers in mother country
  • Remittances so not all unequal
4
Q

How does unequal flow of money cause inequalities

A
  • Mainly developed to developing (Invest and exploit the natural resources and workers, developed country receive the benefit)
  • FDI- Provides cheap access to material and low labour cost
  • Host country benefits from expertise and may see improvements in living standards
  • Countries may become dependent on Foreign aid
5
Q

How can global institutions promote inequalities

A
  • World bank provides loans to LICs, which they have to pay back
  • IMF and WB are based in US so developed countries have more say
  • WTO aims to lower trade barriers, but developed countries keep them meaning less import from LICs
6
Q

How does technology create inequalities

A
  • Technology is concentrated meaning select areas develop

- Developed have access to new tech meaning they can improve production etc, whereas LICs cannot