developments in transport and trade contribute to a shrinking world
year the boeing 737 was built?
1960
developments in transport and trade contribute to a shrinking world
rapid development in ICT & mobile communication = time space compression
how many users does Instagram have each month?
2 -3 billion
developments in transport and trade contribute to a shrinking world
in 1700s how long did the HMS Dolphin take to travel the globe? versus Jet aircraft in the 1990s?
two years vs 31 hours
rapid development in ICT & mobile communication = time space compression
when did use of satellite technology become widespread?
1990s
rapid development in ICT & mobile communication = time space compression
very recent !! how has the development of crypto led to increased globalisation and time-space compression recently?
El Salvador made bitcoin legal tender, using lightning network to settle international remittances instantly, for people without bank accounts -> swifter transfer bypassing intermediary banks
national govs = key players in terms of promoting free trade blocs
role of if IGOs - free trade and FDI
how much did China loan in 2010?
$110 billion (more than the World Bank)
role of if IGOs - free trade and FDI
IMF:
- Ghana’s Economic Recovery Program
- loan in 2015
- increase in FDI
role of if IGOs - free trade and FDI
What year did Greece receive the first in a series of IMF loans to pay off debt?
2008
role of if IGOs - free trade and FDI
How much has Vietnam received from the World Bank? how much % of exports was FDI responsible for 2021
role of if IGOs - free trade and FDI
by how many % has GDP growth increased per year in Vietnam since the 1980s as a result of the IMFs economic input?
5%
role of if IGOs - free trade and FDI
in 2021 how much did FDI contribute to exports in Vietnam?
70%
national gorvernments are key players in globalisation
From where did migrants come from to Canada after immigration policies were made more inclusive following ww2?
attitudes to FDI
example of Chinese FDI in the UK?
Airport City Manchester
attitudes to FDI
China’s GDP growth % per year throughout the 2000s?
10%
attitudes to FDI
How many people in China have been lifted out of poverty since the Open Door Policy?
500 million
special economic zones and gov attitudes
China’s SEZs account for how much GDP, FDI, exports %
special economic zones and gov attitudes
example of an SEZ in China?
Shenzhen
TNCs in globalisation and its spread
example of gocalisation and McDonalds
no beef products in India as 80% of the pop are Hindu
losers and costs due to globalisation
negative environmental impact of Coca Cola in India?
drained water and lowered wells, which put thousands of farmers out of work as crops failed
winners and benefits of globalisation
in 2016 how much turnover did WalMart stoes have?
$482 billion
losers and costs of global shift
2013, which textile factory collapsed in Bangladesh and how many people were killed?
Rana Plaza, where 1,100 workers killed due to unsafe working conditions and poor building regulations, prioritising output for economic growth
switched off from globalisation
what policy of ‘self-sufficiency’ has North Korea followed since 1955?
Juche