Key Terms
The process by which countries, economies, cultures, and populations become increasingly connected and interdependent
What is a potential issue for poorer countries if there is too much labour migration?
Potential for a "brain drain" to occur.
What is the KOF Index?
The index that measures how connected a country is to the rest of the world across economic, social, and political dimension.
Define Glocalisation
The practice of adjusting global products, services, or campaigns to fit local cultures, laws, and consumer preferences.
What is Containerisation?
A system of freight transport using standard-sized metal boxes that move seamlessly between ships, trains, and lorries without unpacking the cargo.
What is the ATKearney Index?
The index that measures how connected cities are across the world using four main categories: economic integration, personal contact, technological connectivity, and political engagement.
It means that different parts, things, or people are mutually joined, linked, or related to each other. In the case of Globalisation, it refers to the idea of a shrinking world.
What percentage of the global population live outside their country of birth?
Roughly 3.5%
What country scored the highest in the 2024 KOF Globalisation Index?
Score: 89.72
What is a Remittance?
A remittance is a sum of money sent by one party to another, most commonly used to describe funds sent by foreign workers back to their families in their home countries.
1. Capital
2. Commodities
3. Information
4. Tourist
5. Migrants
List the four strands of Globalisation
1. Economic
2. Political
3. Social
4. Cultural