Globalisation
Unequal flows of people Trade Transnational Corporations Globa commons
promote globalisation
:
5 factors that operate trade has increased in two or more countries
jobs, escape-volume of
people move for
areas that aren't owned
by
-
-
benefit by 8 times developed countries
-
Flows of information improved bring investment , spread tech ,
war, better pay and economic any country or organisation
-
- -
,
communication , learn more about traders but emerging promote cultures create jobs
Benefits : economic growth , skilled are the biggest , Antarctica, high seas , Earths -
different countries and cultures economies like China are catching up-connect countri es because of their atmosphere and outer space
- ·
Flows of capital-capital invested jobs/jobs their country doesn't countries remove trade barriers Spatial organisation Headquarters -
governed by different
-
-
-
in foreign countries has
increased ,
offer eg mining , engineer .
↓ O try increase trade , increase in in cities in developed countries , R& D
international laws
some countries economies rely on Problems : 'brain drain
- ' depress the fair trade has also tried to facilities in cities with supply of face pressure from growing -
foreign investment as migrants will supportless developed countries highly educated people and close population to exploit the
wages for locals .
Flows of products products used the Market so its specific the
less dangerous work to
-
work for do
resources and new tech
-
,
to be sold in country they were made
,
investment factories are located in countries ,
in but now relocated to cheaper Lic's
Unequal flows of money investors are attracted by size , With low production costs or the
-
makes it easier to explore
these areas Also feel the
and import the goods to
its customer remittances , foreign aid , foreign
-
Stability of the market , natural Country where their market is to .
Flows of services improved tech direct investment, income from
trade avoid import costs + transport costs Pressure of Climate
-
-
resources , financial services. change,
allows services to become global, Benefits : take advantage of cheap-FDI was around $1500 billion in 2016
- link countries through mergers , overfishing , acidification
-
deregulation opened up financial raw materials and low
labour costs so see acquisitions , subcontractors tragedy of commons one
,
investinemergingeconomie
-
·
-
markets Control their market through person exploits
+ money
-
commons as
FDI brings expertise
Flows oflabour-people
move increase in ethical investments as vertical and horizontal integration costs of exploitation is
dependency force want to
-
Problems : create
-
better wages shared by
-
oversea for work and be socially responsible
,
TNC's advantages
out local businesses , did can be every one
Flows of people makes countries
hands can create world trade organisation creating a global supply chain Globalisation
-
as people
interconnected into
more put wrong ,
allows them economies of scale
.
of their cultures LIC's to make it countries should promote free Benefits
bring aspects conflict pressure invest in countries with weak
-
Integration
-
,
invest there trade-remove barriers labour and environmental legislations
-
Global marketing cheaper to .
countries can't give special to cut costs and make long hours stability
- -
treats the world Neo-liberalism
-
global marketing access unless in trade bloc -
take advantage of global
-
economic growth
as one market with
one strategy countries should act predictably development-FDI
thought economic growth would should be fair competition marketing, senbrand and products trade
-
-
-
,
as its costS
gain economies of scale trade barriers were same over world but adapt to certain
-
-
only occurr if
cheaper Trade bloc's markets and different cultures
-
inequalities
removed and businesses were
global brand image
made
aim to make a globally recognised brand-conflict
remove trade barriers between
-
creates a -
. Has led to more develop- injustice
-
/ market private
-
need to adapt to region their members can be between
-
Global Governance
-
ment and less conflict but it also environment
-
Trade agreements concentrates wealth in hands of few, , regions or around certain industry -
international laws and agreement , -
Pollution
and institutions
make trade cheaper they developed countries feel the need special economic zones (SEL's) social norms
as deforestation
-
-
-
that the world faces
controls like trade and investment deal with issues landfill
-
agree to remove to intervene = conflict, TNCIS opinions have different
trade with emerging regulates global economic and
. Multilateral and bilateral increase
-
tariffs conditions
. rules
justify bad wages and
-
Political systems
enforces rules
and less developed countries
-
make up
trade agreements
and norms provide stability
Technology Trading relationships
laws -
global trade system-governed to the
as countries know how others will
who negotiate trade- flows from developed
by the WTO . Leads to Developed countries trade things react-reducing conflict Also .
developing countries
-
means can't take advantage
Factors affecting globalisation innovation in HIC's , but that take money + experts to make
rapid -
Creates economic
growth as promote
systems , technology inequality conflict
e g cars , machines, medicine
.
new
.
this leads to gives development loans
-
,
to trade trade and
and relationships emerging economies tend
-
and injustices Global governance problems
financial systems manufactured goods e g clothes
.
Power
-
less developed countries sell
transport and communications signing up to laws is voluntary
-
-
countries have the
-
containers , satellites developed raw materials like food Tobacco hard to make people comply
shipping
-
↳ , -
control
money and technology to
Market access for LIC's to gain loans-have to
management and information
-
-
and global systems .
developed countries have better implement free trade policies
-
systems eg outsourcing how
-
. -
IMF advises governments on
which can make inequality worse
Market as they have power to
economies of scale improve their economic situation
to raise their tarrifs and money to open economic groups Strengthen the
-
-
trade relationships form -
world bank provides loans-given factories in other countries to avoid developed countries -
less equality
L makes war less likely
by member subscriptions but they ,
United Nations
Thetauritsreased
back
Interdependence Still have to pay the loan by beingis a fair + peaceful world
establish
financial institutions are
-
Economic-rely for
economic-globon
based in developed countries , less
-
193 members = lots of authority
members up to the uncharter
sign
Special Differential Treatment
-
Political-solve issues together developed countries have less which sets out its principles
control over decisions have to make allows least developed countries
Social-connections between County
-
receive loans
,
Growth and Stability -
Un development
changes to to by pass developed countries
Environmental-rely on others goous have reduced poverty , increased
-
who helps to reduce trade tariffs-money they save is then UN
inequality as flows education , reduced mortality
.
barriers but this reduces imports
creates
Spent to diversity their product
-
Peacekeeping helped to end wars
are unequal from less developed
countries ,
range .
Inequalities -
developed countries
boosting only developed countries hold most of the power
Injustices has been ineffective at
-
times to protect people and keep
peace
Unequal flows of people Trade Transnational Corporations Globa commons
promote globalisation
:
5 factors that operate trade has increased in two or more countries
jobs, escape-volume of
people move for
areas that aren't owned
by
-
-
benefit by 8 times developed countries
-
Flows of information improved bring investment , spread tech ,
war, better pay and economic any country or organisation
-
- -
,
communication , learn more about traders but emerging promote cultures create jobs
Benefits : economic growth , skilled are the biggest , Antarctica, high seas , Earths -
different countries and cultures economies like China are catching up-connect countri es because of their atmosphere and outer space
- ·
Flows of capital-capital invested jobs/jobs their country doesn't countries remove trade barriers Spatial organisation Headquarters -
governed by different
-
-
-
in foreign countries has
increased ,
offer eg mining , engineer .
↓ O try increase trade , increase in in cities in developed countries , R& D
international laws
some countries economies rely on Problems : 'brain drain
- ' depress the fair trade has also tried to facilities in cities with supply of face pressure from growing -
foreign investment as migrants will supportless developed countries highly educated people and close population to exploit the
wages for locals .
Flows of products products used the Market so its specific the
less dangerous work to
-
work for do
resources and new tech
-
,
to be sold in country they were made
,
investment factories are located in countries ,
in but now relocated to cheaper Lic's
Unequal flows of money investors are attracted by size , With low production costs or the
-
makes it easier to explore
these areas Also feel the
and import the goods to
its customer remittances , foreign aid , foreign
-
Stability of the market , natural Country where their market is to .
Flows of services improved tech direct investment, income from
trade avoid import costs + transport costs Pressure of Climate
-
-
resources , financial services. change,
allows services to become global, Benefits : take advantage of cheap-FDI was around $1500 billion in 2016
- link countries through mergers , overfishing , acidification
-
deregulation opened up financial raw materials and low
labour costs so see acquisitions , subcontractors tragedy of commons one
,
investinemergingeconomie
-
·
-
markets Control their market through person exploits
+ money
-
commons as
FDI brings expertise
Flows oflabour-people
move increase in ethical investments as vertical and horizontal integration costs of exploitation is
dependency force want to
-
Problems : create
-
better wages shared by
-
oversea for work and be socially responsible
,
TNC's advantages
out local businesses , did can be every one
Flows of people makes countries
hands can create world trade organisation creating a global supply chain Globalisation
-
as people
interconnected into
more put wrong ,
allows them economies of scale
.
of their cultures LIC's to make it countries should promote free Benefits
bring aspects conflict pressure invest in countries with weak
-
Integration
-
,
invest there trade-remove barriers labour and environmental legislations
-
Global marketing cheaper to .
countries can't give special to cut costs and make long hours stability
- -
treats the world Neo-liberalism
-
global marketing access unless in trade bloc -
take advantage of global
-
economic growth
as one market with
one strategy countries should act predictably development-FDI
thought economic growth would should be fair competition marketing, senbrand and products trade
-
-
-
,
as its costS
gain economies of scale trade barriers were same over world but adapt to certain
-
-
only occurr if
cheaper Trade bloc's markets and different cultures
-
inequalities
removed and businesses were
global brand image
made
aim to make a globally recognised brand-conflict
remove trade barriers between
-
creates a -
. Has led to more develop- injustice
-
/ market private
-
need to adapt to region their members can be between
-
Global Governance
-
ment and less conflict but it also environment
-
Trade agreements concentrates wealth in hands of few, , regions or around certain industry -
international laws and agreement , -
Pollution
and institutions
make trade cheaper they developed countries feel the need special economic zones (SEL's) social norms
as deforestation
-
-
-
that the world faces
controls like trade and investment deal with issues landfill
-
agree to remove to intervene = conflict, TNCIS opinions have different
trade with emerging regulates global economic and
. Multilateral and bilateral increase
-
tariffs conditions
. rules
justify bad wages and
-
Political systems
enforces rules
and less developed countries
-
make up
trade agreements
and norms provide stability
Technology Trading relationships
laws -
global trade system-governed to the
as countries know how others will
who negotiate trade- flows from developed
by the WTO . Leads to Developed countries trade things react-reducing conflict Also .
developing countries
-
means can't take advantage
Factors affecting globalisation innovation in HIC's , but that take money + experts to make
rapid -
Creates economic
growth as promote
systems , technology inequality conflict
e g cars , machines, medicine
.
new
.
this leads to gives development loans
-
,
to trade trade and
and relationships emerging economies tend
-
and injustices Global governance problems
financial systems manufactured goods e g clothes
.
Power
-
less developed countries sell
transport and communications signing up to laws is voluntary
-
-
countries have the
-
containers , satellites developed raw materials like food Tobacco hard to make people comply
shipping
-
↳ , -
control
money and technology to
Market access for LIC's to gain loans-have to
management and information
-
-
and global systems .
developed countries have better implement free trade policies
-
systems eg outsourcing how
-
. -
IMF advises governments on
which can make inequality worse
Market as they have power to
economies of scale improve their economic situation
to raise their tarrifs and money to open economic groups Strengthen the
-
-
trade relationships form -
world bank provides loans-given factories in other countries to avoid developed countries -
less equality
L makes war less likely
by member subscriptions but they ,
United Nations
Thetauritsreased
back
Interdependence Still have to pay the loan by beingis a fair + peaceful world
establish
financial institutions are
-
Economic-rely for
economic-globon
based in developed countries , less
-
193 members = lots of authority
members up to the uncharter
sign
Special Differential Treatment
-
Political-solve issues together developed countries have less which sets out its principles
control over decisions have to make allows least developed countries
Social-connections between County
-
receive loans
,
Growth and Stability -
Un development
changes to to by pass developed countries
Environmental-rely on others goous have reduced poverty , increased
-
who helps to reduce trade tariffs-money they save is then UN
inequality as flows education , reduced mortality
.
barriers but this reduces imports
creates
Spent to diversity their product
-
Peacekeeping helped to end wars
are unequal from less developed
countries ,
range .
Inequalities -
developed countries
boosting only developed countries hold most of the power
Injustices has been ineffective at
-
times to protect people and keep
peace
