What and Why
Globalisation is a process in which the world is becoming more
Interconnected
The two types of technologies driving globalisation
Transportation technologies and communication technologies
An example of why globalisation is a good thing
Poverty rates are decreasing, people are able to access products and services from all over the world, people can share ideas, improved communication, travelling helps educate people, education standards increase, health outcomes increase (people live longer, access to better healthcare...)
LEDC and MEDC stand for...
Less Economically Developed Country, More Economically Developed Country
In recent times, globalisation has been slowing down true or false
False
Four examples of how transportation accelerates globalisation...
Faster and bigger trucks, planes, ships; diesel engine; better road infrastructure; robots and machinery that help load and unload (elevators, conveyor belts, cranes...); high-speed trains; bigger ports and airports...
Two examples of what is said by those who are against globalisation.
Language and culture loss, environmental damage, rich and poor gap increases, organisations creating unfair trade conditions (exploitation), rich get richer, poor get poorer.
The definition of a multinational corporation...
A business that has operations (HQ, manufacturing, buying, selling, etc.) in more than one country.
The main reason for globalisation is
Advances in technology
List three communication technologies that have facilitated globalisation
Internet, social media, video conferencing, digital technology (marketing, advertising, films)
Ways in which you have benefitted from globalisation.
Holidays overseas, world food, music, films, cheap clothes, popular culture, online learning, communication, social media, internet....
TNC stands for...
Transnational Corporation
Communication technology has resulted in three factors that move or flow from place to place, intensifying globalisation, what are these three factors?
Thoughts/ideas, goods/materials, and people
Money is transported in these two forms
Cash and credit
They earn large GDPs (bigger than some countries); they can avoid paying taxes; they can affect the politics of a country; they can dominate world trade; small businesses cannot compete with them; they can eliminate local traders.
Three examples of multinational corporations
Coca Cola, Pepsi, Apple, Nike, Samsung, Adidas, BP, Shell, Starbucks, H&M, Pandora, McDonalds....
The definition of globalisation...
The process of the world becoming more interconnected, with ideas, goods, and people moving across the world.
Technologies of the future that will continue to intensify globalisation
Autonomous vehicles, electric vehicles, robots, drones, AI, transportation infrastructure.
Three examples of the negative effects of globalisation
Cheap labour, child labour, long working hours and bad working conditions, exploitation, environmental damage, plastic pollution, iwaste, unchecked consumerism, concentration of power by a few.
The network of businesses, communications and transport that makes it possible for goods to be produced and make their way to consumers is called a...
Global Supply Chain