Glocalisation
when you adapt a product to meet the demand of the local market which may be different to the businesses market
Globalisation
involves widening and deepening global connections, interdependence and flows (commodities, capital, information, migrants and tourists)
-A process by which national and regional economies, societies and cultures have become integrated through the global network of trade, communication, immigration and transportation’ The Financial Times
Economic globalisation
this includes the growth of TNC’s which have a global brand image and presence, this accelerates cross border exchanges of raw materials, components, finished manufactured goods, shares, portfolio investment and purchasing.
Political globalisation
includes spreading ideologies, global organisations, the dominance of western democracies in political and economic decision making.
cultural globalisation
unifying and diversifying and people using increasingly similar food, clothes, music and values
social/ demographic globalisation
increasing migration and tourism makes populations more fluid and mixed
environmental globalisation
-agreements between countries (Paris agreement), pollution affecting other countries, global warming being a global threat
What are the past ways global connection was achieved?
Trade - in 1492 when Columbus reached USA and traditional world economy began
Colonialism - end of the 19th century, British Empire controlled 1/4 of the world
What are commodities?
How is capital linked with globalisation?
-businesses buy and sell money in different currencies to make profit
How is information linked with globalisation?
How are people and tourism linked with globalisation?
How are people and immigration linked with globalisation?
What are the flows of globalisation?
commodities information capital migration tourism
cons of remittances
- jobs are taken which results in unemployment
pros of remittances
Transport factors accelerating globalisation
Role of planes in accelerating globalisation
Role of containerisation in accelerating globalisation
How has technology and transport influenced globalisation?
How has development of energy influenced globalisation?
What have developments in transport technology been encouraged by?
How did transport change in 19th century?
-Faster steam trains replaced horse-drawn and canal transport
-1830s public railways (Liverpool and Manchester))
The electric telegraph was the first long-distance instant communication technology (1830s).
-Steam ships replaced sailing ships and increased speed and cargo capacity dramatically (1840s)
How did transport change in 20th century?
-jet aircraft