What is meant by globalisation?
The increasing connectedness of countries around the world through movement of
goods, services, capital and ideas across borders
What is meant by Interdependence?
The dependence of two or more people or things on each other
What 4 main ways have people become more interconnected?
(4 types of globalisation)
How has globalisation been accelerated Economically?
How has globalisation been accelerated Politically?
How has globalisation been accelerated Socially?
How has globalisation been accelerated Culturally?
What is meant by glocalisation?
The adaptation of a global product for a local market place
What does TNC stand for and what are they?
Transnational Corporation - companies who operate in many countries producing and selling goods and services
What are Trade Blocs?
A group of countries and/or organisations that work together for trading purposes
What type of Trade & Transport did we use in the 19th century and what did we move onto in the 20th century?
19th century Trade & Transport:
- railways
- steam-ships
- telegraph
20th century Trade & Transport:
- jet aircraft
- containerisation
What did developments in Trade & Transport lead to?
The shrinking world
Whats are the 5 global flows/networks?
What happens to Capital in terms of global flows/networks?
Money is constantly passed through worldwide stock market where businesses can exchange currencies for profits
What happens to Commodities in terms of global flows/networks?
Valuable raw materials such as fossil fuels, food and minerals have always been traded between nations but trade of manufactured goods have risen rapidly
What happens to Information in terms of global flows/networks?
- what has the internet brought?
- how many Facebook users were there in 2015?
The internet has brought real-time communication between distant places, allowing goods and services to be brought quickly and easily
2015= 1.5 billion Facebook users
What happens to Tourists in terms of global flows/networks?
- what are many of the world’s air passengers ?
- what have budget airlines allowed?
(give an example of a budget airline)
- What has budget airlines done for two different types of people?
What happens to Migrants in terms of global flows/networks?
- what obstacles are in the way in terms of immigration?
- what are the attitudes of most governments to immigration?
(give an example)