Globalisation
- The independence and interconnection of countries.
- Trade block- a group of countries that have joined together- type of intergovernmental
agreement that where barriers to trade in a world region are reduced or eliminated among
participating states.
- This leads to the acceleration of globalisation because they hope that if they increase trade
agreements this will encourage free trade- provides a bigger market with no added taxes,
TNC’s can operate globally merging with other frms, protection from foreign competitors
and political stability- block produces entering markets- limits impact of cheap imports.
- Loss of sovereignty.
- Interdependence- need each other.
- Compromise and concession - countries entering into trade bloc must allow frm to gain a
share of the market.
WTO, IMF and world bank-
- After Stecond World War needed to recover economically.
- Regulate the economy.
- All tried to help world trade and open up businesses.
- Eg. Reducing tarifs and taxes, ofered incentives etc.
- The IMF was able to help the governments balance their payments within the system in the
case of economic diferences.
- WTO- is about subsidising and pushes for the liberalisation of trade, abandon protectionist
attitude, untaxed trade. Conditions included that they said for example, who they were then
able to trade with.
- Trade blocks, technology, IGOs etc and transport, tnc’s, governments.
How do you measure development-?
- Economic indicators- GDP- value of goods and services + PPP eg. Are the things your selling
of high value or not? Eg. Are you selling a diamond for £200 and buying a loaf of bread for
the same price?(purchasing power parity)
- Not distributed evenly so we need to look at both economic and social indicators.
- Stuch as: the human development indicator combination of- education, life expectancy and
GDP.
- Globalisation is causing increases in development- however, not every country has the same
level of globalisation.
- The more globalised a country is the more links it has – not right for the UStA as although the
cities may be connected however not for small towns which brought the data down.
- Whilst we are suggesting that our connections have grown and in more depth this isn’t the
same for everyone.
Cultural difusion-
- Cultural exchange/ changes- increase in diferent cultures and religions mixing, accessing
new markets, glocalisation and entering new markets, tourism, migration, TNC’St, global
media.
- The independence and interconnection of countries.
- Trade block- a group of countries that have joined together- type of intergovernmental
agreement that where barriers to trade in a world region are reduced or eliminated among
participating states.
- This leads to the acceleration of globalisation because they hope that if they increase trade
agreements this will encourage free trade- provides a bigger market with no added taxes,
TNC’s can operate globally merging with other frms, protection from foreign competitors
and political stability- block produces entering markets- limits impact of cheap imports.
- Loss of sovereignty.
- Interdependence- need each other.
- Compromise and concession - countries entering into trade bloc must allow frm to gain a
share of the market.
WTO, IMF and world bank-
- After Stecond World War needed to recover economically.
- Regulate the economy.
- All tried to help world trade and open up businesses.
- Eg. Reducing tarifs and taxes, ofered incentives etc.
- The IMF was able to help the governments balance their payments within the system in the
case of economic diferences.
- WTO- is about subsidising and pushes for the liberalisation of trade, abandon protectionist
attitude, untaxed trade. Conditions included that they said for example, who they were then
able to trade with.
- Trade blocks, technology, IGOs etc and transport, tnc’s, governments.
How do you measure development-?
- Economic indicators- GDP- value of goods and services + PPP eg. Are the things your selling
of high value or not? Eg. Are you selling a diamond for £200 and buying a loaf of bread for
the same price?(purchasing power parity)
- Not distributed evenly so we need to look at both economic and social indicators.
- Stuch as: the human development indicator combination of- education, life expectancy and
GDP.
- Globalisation is causing increases in development- however, not every country has the same
level of globalisation.
- The more globalised a country is the more links it has – not right for the UStA as although the
cities may be connected however not for small towns which brought the data down.
- Whilst we are suggesting that our connections have grown and in more depth this isn’t the
same for everyone.
Cultural difusion-
- Cultural exchange/ changes- increase in diferent cultures and religions mixing, accessing
new markets, glocalisation and entering new markets, tourism, migration, TNC’St, global
media.
