Globalisation- EQ1

Question 1

What does globalisation involve?

Answer 1

Widening and deepening global connections, interdependence, and flows.

Question 2

5 Types of global flows

Answer 2

Commodities
Capital
Information
Migrants
Tourists

Question 3

What are the contributors to a “shrinking world”

Answer 3

19th Century:
Railways
Telegraph
Steam-ships

20th century:
Jet aircraft
Containerisation

Question 4

5 21st Century ICT developments (contributed to time-space compression)

Answer 4

Mobile Phones
Internet
Social Networking
Electronic Banking
Fibre optics

Question 5

How international political & monetary organisations have contributed to globalisation?

Answer 5

Promotion of free trade & FDI

Question 6

3 International economic organisations

Answer 6

World Trade Organisation (WTO)
International Monetary Fund (IMF)
World Bank

Question 7

2 Free Trade blocs

Answer 7

EU
ASEAN

Question 8

Role of governments in economic liberalisation?

Answer 8

Free Trade blocks
Free market liberalisation
Privatisation
Encouraging business start-ups

Question 9

Role of governments in attracting FDI?

Answer 9

Special economic zones (SEZs)
Government Subsidies
Attitudes to FDI
(E.g. China’s 1978 Open Door Policy)

Question 10

2 Indicators of Globalisation?

Answer 10

AT Kearney Index
KOF Index

Question 11

Role of TNCs in contributing to the spread of globalisation?

Answer 11

Global production networks
Glocalisation
Development of new markets

Question 12

2 Ways TNCs take advantage of economic liberalisation?

Answer 12

Outsourcing
Offshoring

Question 13

5 Reasons why some locations remain detached from globalisation (e.g. DPRK or Rural Niger)

Answer 13

Historical
Physical
Political
Economic
Environmental