What is globalisation?
What is the time space compression?
The shrinking world effect
Explain containerisation
Maersk case study
Meant travel costs for items became much cheaper which meant a larger carbon footprint, as goods were being transported more (it was easier)
Explain some technological advancemants
Which have led to the shrinking world effect
Fibre optics
*Allows the transfer of large amounts of data and information (through cyberspace)
Internet
* People are easily able to connect with eachother from different parts of the world
GIS&GPS
* Parcels can be tracked
* Global production networks can be managed (from another country)
* Data of locations can be easily shared via the internet
-Google
-Facebook, Skype
-Royal mail
GIS (global information systems)
GPS (global positioning systems)
How do low cost airlines link to globalisation, e.g. what tech is used and what are pros and cons?
Easy jet case study
Easy jet overview
* Mainly flies to European destinations
- Fibre optics are used to move data and manage finances
- GIS/GPS used to track flights and give destination details
- Internet used to order flight tickets
Benefits
* More people can go to more remote/less travelled to destinations
* Made places more connected
* Doesn’t take as long to travel
* Cheaper, so more accessible
* Sharing of culture happens
* Multiplier effect occurs (tourists spend money, more jobs are created etc)
* People can more easily make connections (e.g. with friends/family)
Cons
* More people flying means larger environmental impact
* Uncomfortable flying conditions
* Larger starin on tourist destinations (e.g. to improve services, increase spac, tourists prioritised over locals)
What is a tariff?
A tax imposed on imports
What is a subsidy?
Financial assisstanceto a bussiness by the government to make it competitive or prevent collapse
- e.g. farming subsidies under the common agricultural policy
What is a quota?
A limit on the quantity of a good a country allows into it
What is protectionism?
Policies to protect businesses and workers in a country by restricting/regulating trade with foreign nations
What is a free-market economy?
Based on supply and demand with little or no government control
What is privatisation?
Transferring ownership of a public service (etc) into private ownership for profit
What is free-trade?
A policy where a government does not interfere with imports or exports by applying tariffs, subsidies or quotas
How has technology accelerated cultural globalisation?
How has technology accelerated political globalisation?
How has technology accelerated social globalisation?
How has technology accelerated economic globalisation?
What are some positives of globalisation?
What are some negatives of globalisation?
What are SAP’s?
Structural adjustment programmes
How did SAP’s lead to water supply issues in Bolivia?
Water privatisation in Bolivia Case study
What does the world trade do and what are its pros and cons?
World Trade Organisation
PROS
-reduce tariffs which can help developing countries
-food can only be traded if it meets sanitary regulations
CONS
-encourages poor countries to specialise (they should diversify)
-exposes homegrown products to foreign competition
e.g. Italian tomatoes bought in Ghana
What are the positives and negatives of a developing country recieving a loan?
From the IMF, world bank
Positives
-Country is able to invest money and develop its economy
Negatives
-Free market must be run
-Funding for social sectors may be reduced to pay back the loan (e.g. education)
What are the positives and negatives of a developing country recieving debt relief?
Positives
-Country can now fouc funding/money on other issues (e.g. sanitation), instead of using the money to pay back debt
Negatives
-Country now has to run a free-market economy
-It can now become cheaper to import goods rather than make them, so some could lose their jobs
-It can force the privatisation of companies
What does the IMF do and what are its pros and cons?
International Monetary Fund
PROS
-0% interest rates to LIC’s
-able to lend $1trillion
CONS
-Countries with more voting rights can decide how deals are made (more money invested, more powerful voting right - USA has 17% of this)
-Strict financial conditions for borring countries e.g. cutbacks on healthcare, education and sanitation