How do connections become deeper and wider?
- Deeper: more people’s lives connect with far away places e.g buying goods or cheaper travel.
Five main drivers of the 21st century
Mobile phones, internet, social media, fibre optics, electronic banking
Significant developments in transport
How does transport help the supply chain?
Cheaper and faster travel makes a lengthy supply chain financially viable, allowing manufactured goods to be shipped over long distances.
Structural Adjustment Programmes
IMF - countries must agree to stop what puts them further in debt, so that they know they can pay the money back.
Trade blocs
How does FDI help?
FDI chain
companies invest, set up and export -> other companies arrive -> growth of employment, income, wealth tax income, and government spending -> supply chains develop
KOF Globalisation Index
AT Kearney Index
* Measure business activity, human capital, information exchange, cultural experience and political engagement
Global production networks
- Risky: hazards, dodgy products, poor working conditions
Why is there development of new markets?
New trends (global/local) and new consumer needs
What are the benefits of change in built environment with the global shift?
Costs of built environment with the global shift
Major env problems of the global shift (Bangladesh)
Deindustrialisation social issues
Environmental issues of deindustrialisation
Economic restructuring due to deindustrialisation
Social challenges of megacities
Environmental challenges of megacities
Migration benefits and costs for source location
Migration benefits and costs for host location
Awareness of opportunities for disadvantaged groups (+ in developing countries)
How cultural erosion causes environment change and devalues ecosystems