Podcast
Questions and Answers
Which factor primarily attracts multinational corporations to Bangalore for IT outsourcing?
Which factor primarily attracts multinational corporations to Bangalore for IT outsourcing?
- High real estate costs
- Limited access to international markets
- Strict environmental regulations
- Skilled workforce and lower operational costs (correct)
China's Open Door Policy, initiated in 1978, led to a decrease in Foreign Direct Investment (FDI).
China's Open Door Policy, initiated in 1978, led to a decrease in Foreign Direct Investment (FDI).
False (B)
What is the primary impact of containerization on international trade?
What is the primary impact of containerization on international trade?
Reduced costs
The rise of low-cost airlines like EasyJet has primarily promoted __________ and __________ across Europe.
The rise of low-cost airlines like EasyJet has primarily promoted __________ and __________ across Europe.
Match the following aspects of globalisation with their case study examples:
Match the following aspects of globalisation with their case study examples:
Which of the following is a primary driver of migration to the UK?
Which of the following is a primary driver of migration to the UK?
Increased air travel due to low-cost airlines has no environmental impacts.
Increased air travel due to low-cost airlines has no environmental impacts.
Approximately what percentage of the UK's population is made up of migrants?
Approximately what percentage of the UK's population is made up of migrants?
Flashcards
Outsourcing Definition
Outsourcing Definition
The relocation of business processes to another country, often seeking lower costs.
Economic Globalization
Economic Globalization
The increasing interconnectedness and interdependence of countries through flows of goods, services, capital, and people.
Bangalore, India
Bangalore, India
A city in India that is a major global IT and outsourcing hub.
Foreign Direct Investment (FDI)
Foreign Direct Investment (FDI)
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China's Open Door Policy
China's Open Door Policy
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Containerization Definition
Containerization Definition
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Tech & Global Trade
Tech & Global Trade
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Low-Cost Airlines
Low-Cost Airlines
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Study Notes
- These case studies exemplify aspects, statistics, and details relating to economic, technological, and human globalization
Bangalore, India - Outsourcing and Globalisation
- Bangalore is a global IT outsourcing hub, attracting multinational corporations due to its skilled workforce and lower operational costs
- It is home to over 2,000 IT companies and employs more than 1.5 million people in the IT sector
- The case study highlights the economic impacts of globalisation, including job creation and economic growth, as well as challenges such as income inequality and environmental issues
China's Open Door Policy (1978)
- China's Open Door Policy encouraged foreign investment and the establishment of Special Economic Zones (SEZs)
- As a result, China's GDP grew from $150 billion in 1978 to over $14 trillion in 2019
- The case study examines the benefits and drawbacks of globalisation, including economic development, environmental degradation, and social changes
Containerisation and Global Trade
- Standardized shipping containers revolutionized global trade by increasing efficiency and reducing costs
- Containerisation reduced the cost of international transport from 30% to 1% of the value of goods
- This case study explores the impact of technological advancements on globalisation, including the growth of global supply chains and the environmental consequences of increased trade
EasyJet (1995) - Low-Cost Airlines and Globalisation
- The rise of low-cost airlines like EasyJet has made air travel more accessible, promoting tourism and business travel across Europe
- EasyJet operates over 900 routes across Europe and carried over 88 million passengers in 2019
- This case study examines the role of transport in globalisation, including the economic benefits and environmental impacts of increased air travel
International Migration - Case Study: Migration to the UK
- Migration to the UK has been driven by economic opportunities, political stability, and social factors
- The UK has a population of over 66 million people, with migrants making up around 14% of the population
- This case study explores the impacts of migration on both the host country and the countries of origin, including economic contributions, cultural diversity, and social challenges
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Description
Case studies on economic, technological, and human aspects of globalization. Focus on Bangalore's IT outsourcing boom and China's Open Door Policy. Highlights economic impacts, challenges like inequality and environmental issues, and the role of foreign investment.