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Flashcards in Issues with globalisation Deck (20)
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1

advantage of unequal flows of people for core nations

host countries get more highly skilled workers
cheap labour for seasonal work- boosts economy via outsourcing
cultural mixing- less ignorance of cultures

2

disadvantages of unequal flows of people for periphery nations

migrants are often highly skilled so their country of origin loses out
skills/labour/population loss within trade bloc periphery (eg Poland to the UK)

3

disadvantages of unequal flows of people for host countries

host countries may lose out economically as migrants send money back to origin country (remittances)
also more of strain on services eg transport+healthcare

4

what is outsourcing

the movement of labour to developing nations to make use of cheap labour costs and less strict working conditions

5

issues with outsourcing in HICs

loss of jobs (especially in manufacturing)
de-industrialisation
structural unemployment (workforce lack needed skills as some people only have 1 key skills)

6

outsourcing leads to... in HICs

the de-multiplier effect

7

what is the de-multiplier effect

once people have lost their jobs they can't spend so services in an area are lost and the area falls into decline

8

what is the best way to measure inequality

human development index (HDI)

9

what does HDI take into account

GDP per capita, life expectancy and adult literacy rate

10

what index is used to indicate internal inequality

gini index

11

what does 0 and 1 mean in the gini index

1 means the entire national income goes to one person. 0 means that income is evenly divided

12

how do global systems try and reduce inequality in trade

offer tariff reductions to encourage people to go there

13

what percentage of money doesn't physically exist

97%

14

which countries put more money into the EU than they get out

Germany, UK and the Netherlands

15

which countries get more from the EU than they give

Greece, Poland and Spain

16

example of country with huge mineral wealth

Russia - oil

17

what year was Ukraine offered to join NATO

2002 (Russia didn't want them to)

18

what does Russia supply to the EU

oil and gas

19

how much was offered to Ukraine if they joined a free trade agreement

610 million euro

20

what type of economy is Russia

single product economy