Globalisation

True (A)

The IMF loans money to poorer developing nations.

<p>fiber optic</p> Signup and view all the answers

<p>Telegraph = 21st Century Jet Aircraft = 19th and 20th Centuries GPS = 21st Century Containerization = 19th and 20th Centuries Broadband and Fibre Optics = 21st Century Steam Power = 19th and 20th Centuries</p> Signup and view all the answers

<p>They have limited access to global flows of trade, capital, labor, and information. (A)</p> Signup and view all the answers

<p>False (B)</p> Signup and view all the answers

<p>Importing raw materials and commodities from other countries could hurt domestic suppliers and industries.</p> Signup and view all the answers

<p>social media</p> Signup and view all the answers

<p>Strong economic growth (B)</p> Signup and view all the answers

<p>True (A)</p> Signup and view all the answers

<p>Services can be produced in a different country to where they are received, meaning they are not constrained by resource availability or other factors.</p> Signup and view all the answers

<p>40</p> Signup and view all the answers

<p>Capital = Movement of money for investment, trade, or business production Labor = Movement of people to work in another country Products = Movement of physical goods from one country to another Services = Footloose industries that can be produced in a different country than where they are received Information = Any type of information flowing from one place to another</p> Signup and view all the answers

<p>False (B)</p> Signup and view all the answers

<p>Increased employment opportunities (D)</p> Signup and view all the answers

<p>Rural-to-urban migration</p> Signup and view all the answers

<p>Limited access to services (A)</p> Signup and view all the answers

<p>Strain on services like education and healthcare</p> Signup and view all the answers

<p>Strain on services = The demand for services like education and healthcare increases, leading to overstretching of resources. Overcrowding = Dense populations lead to cramped living conditions and the formation of slums. Rising crime rates = Increased population density can contribute to social problems and a rise in crime. Poor sanitation = Inadequate sanitation infrastructure can result in health problems and environmental pollution. Lack of green space = Rapid development often leads to a reduction in green spaces, negatively impacting the environment and quality of life. High levels of congestion = Dense populations and inadequate infrastructure can lead to traffic congestion, air pollution, and stress.</p> Signup and view all the answers

<p>False (B)</p> Signup and view all the answers

<p>Reduced economic growth (C)</p> Signup and view all the answers

<p>Remittances are funds sent by migrants to their families and communities in their home countries. They can aid in development, reduce poverty, and provide financial support to families.</p> Signup and view all the answers

<p>indigenous</p> Signup and view all the answers

<p>Abundant job opportunities (D)</p> Signup and view all the answers

<p>False (B)</p> Signup and view all the answers

<p>elite</p> Signup and view all the answers

<p>Increased skills gaps (D)</p> Signup and view all the answers

<p>Advancements in agricultural machinery have reduced the need for manual labor on farms, leading to unemployment and forcing people to seek work in urban areas.</p> Signup and view all the answers

<p>Increased volume of trade and investment (A)</p> Signup and view all the answers

<p>False (B)</p> Signup and view all the answers

<p>Trade blocs</p> Signup and view all the answers

<p>cultural diffusion</p> Signup and view all the answers

<p>Foreign Direct Investment = Investment made by a company in one country in business interests in another country. Americanisation = The process of adopting American culture and products. Trade blocs = Groups of countries that work together to promote trade. TNCs = Companies that operate in multiple countries and influence global economies.</p> Signup and view all the answers

<p>Harmonising economies and promoting democratic ideology (C)</p> Signup and view all the answers

<p>False (B)</p> Signup and view all the answers

<p>Increased interdependence between countries</p> Signup and view all the answers

<p>More jobs for locals (A)</p> Signup and view all the answers

<p>False (B)</p> Signup and view all the answers

<p>Better pay</p> Signup and view all the answers

<p>currency</p> Signup and view all the answers

<p>Higher overall costs (B)</p> Signup and view all the answers

<p>False (B)</p> Signup and view all the answers

<p>Reducing waste</p> Signup and view all the answers

<p>Open up markets and industries from government control (D)</p> Signup and view all the answers

<p>False (B)</p> Signup and view all the answers

<p>Foreign Direct Investment</p> Signup and view all the answers

<p>WTO</p> Signup and view all the answers

<p>Foreign Exchange (C)</p> Signup and view all the answers

<p>True (A)</p> Signup and view all the answers

<p>Tariffs (B)</p> Signup and view all the answers

<p>Free Market Liberalisation</p> Signup and view all the answers

<p>False (B)</p> Signup and view all the answers

<p>Horizontal and Vertical (A)</p> Signup and view all the answers

<p>subsidies, tariffs, and quotas</p> Signup and view all the answers

<p>Globalisation of countries across political, economic, and social indicators.</p> Signup and view all the answers

<p>False (B)</p> Signup and view all the answers

<p>Exclusion of outside trading countries (B)</p> Signup and view all the answers

<p>Lower production costs and access to a large pool of cheap labor.</p> Signup and view all the answers

<p>Human Development Index (HDI)</p> Signup and view all the answers

<p>GNI = Value of goods and services including overseas earnings GDP = Total value of goods and services produced in a country PPP = Expenditure reflecting the cost of living GII = Measures female participation and treatment in society</p> Signup and view all the answers

<p>False (B)</p> Signup and view all the answers

<p>1134</p> Signup and view all the answers

<p>Manufacturing Outsourcing = Typically shifts production to countries with lower labor costs Service Outsourcing = Often involves tasks like call centers and IT support Glocalisation = Adaptation of goods/services to meet local needs Offshoring = Relocating production or services to a foreign country</p> Signup and view all the answers

<p>To provide loans to improve economic development</p> Signup and view all the answers

<p>Economic integration (B)</p> Signup and view all the answers

<p>education</p> Signup and view all the answers

<p>False (B)</p> Signup and view all the answers

<p>Tohoku Tsunami (B)</p> Signup and view all the answers

<p>False (B)</p> Signup and view all the answers

<p>Regulatory measures other than tariffs that restrict trade, such as quotas and bans.</p> Signup and view all the answers

<p>Attracting foreign businesses and investments (A)</p> Signup and view all the answers

<p>Reduced service spending (A)</p> Signup and view all the answers

<p>Privatisation of state-owned industries</p> Signup and view all the answers

<p>Economic globalisation index</p> Signup and view all the answers

<p>To save money and eliminate middlemen in the supply chain.</p> Signup and view all the answers

<p>True (A)</p> Signup and view all the answers

<p>outsourcing</p> Signup and view all the answers

<p>Gender Inequality Index (GII) (B)</p> Signup and view all the answers

<p>Brain drain</p> Signup and view all the answers

<p>Higher wages than MEDC workers (D)</p> Signup and view all the answers

<p>False (B)</p> Signup and view all the answers

<p>Companies operating across multiple countries with various branches.</p> Signup and view all the answers

<p>perfect</p> Signup and view all the answers

<p>False (B)</p> Signup and view all the answers

<p>France = Restricting foreign language media China = The Great Firewall Iran = Banning Barbie dolls</p> Signup and view all the answers

<p>KOF Index</p> Signup and view all the answers

<p>Glocalisation</p> Signup and view all the answers

<p>GNI = Income including overseas earnings PPP = Cost of living adjustments GDP = Domestic production value Income per capita = Average income per person</p> Signup and view all the answers

<p>offshoring</p> Signup and view all the answers

<p>Globalization has increased environmental conflicts. (B)</p> Signup and view all the answers

<p>Reduction of import/export restrictions (C)</p> Signup and view all the answers

<p>False (B)</p> Signup and view all the answers

<p>China</p> Signup and view all the answers

<p>hate</p> Signup and view all the answers

<p>Sub-Saharan Africa = Stagnant incomes Northern Africa = Wealthier due to oil Asia = Significant income rise since 1970s</p> Signup and view all the answers

<p>House price inflation (D)</p> Signup and view all the answers

<p>True (A)</p> Signup and view all the answers

<p>Increasing population</p> Signup and view all the answers

<p>indigenous</p> Signup and view all the answers

<p>Obesity rise = Change in Chinese diet Increased unemployment = Stigma against disabled Political tensions = Dam construction along Mekong River</p> Signup and view all the answers

The increasing interdependence between countries through trade, capital, culture, and ideas.

Companies that operate in multiple countries, often with revenues exceeding some nations' GDPs.

Investment made by a company in one country in business interests in another country.

Groups of countries that work together to reduce trade barriers, like tariffs.

Movement of people across borders that establishes connections and networks globally.

The spread of American culture and lifestyles to other countries.

The internet facilitates rapid sharing of information, culture, and ideas worldwide.

Decreased travel costs leading to increased international tourism.

People travel and trade goods from farther locations than before.

Connections penetrate more into aspects of life, influencing culture and economies.

Communication and travel occur at much quicker rates today.

Technological advancements that improved global transport methods.

Early 19th-century technology that revolutionized transport and trade.

Modern aircraft that enable fast international travel and goods transport.

Transport method using large containers to move goods, boosting trade.

First communication tool allowing near-instant messaging across distances.

Technology enabling rapid data transfer over long distances.

Satellite technology for tracking locations and goods globally.

Various movements such as capital, labour, products, services, and information.

Movement of money for investment, trade, or production across borders.

Regions excluded from global trade and interaction due to various factors.

An organization that provides loans to developing nations to promote globalisation.

Transnational Corporation; a company operating in multiple countries.

Foreign Direct Investment; TNCs invest in companies or assets in another country.

Acquisition of similar companies in the same industry.

Acquisition of companies at different stages of production.

Contracting tasks to outside companies to cut costs.

Moving business processes to another country for lower costs.

Movement of manufacturing from the West to the East.

Factories with poor working conditions and low wages.

Economic growth from increased spending and investment.

TNCs can disrupt local economies and influence job markets.

TNCs contribute to local employment by investing abroad.

Increased awareness of TNC practices affecting reputations.

Outsourcing can raise local wages and stimulate economies.

A trade agreement between Canada, USA, and Mexico that lowers tariffs.

Taxes imposed on imported and exported goods.

Regulations other than tariffs that restrict trade.

An international body that regulates trade agreements and ensures fairness.

Measures globalisation based on political, economic, and social factors.

Total income of a country, including earnings from abroad.

Economic measure reflecting the cost of living and inflation rates.

Composite measure of social development including life expectancy, wealth, and education.

Companies operating across multiple countries to maximize profit.

Measures gender-based disparities in society.

Analyses the proportion of different economic sectors in a country's industry.

Underground economic activity not monitored or regulated by the government.

Groups of people who have lived in a specific location for generations, keeping traditional lifestyles.

A way of life involving moving between locations rather than settling permanently.

A focus on buying local products to support the community and reduce environmental impact.

Communities that promote sustainability and local economies, like Totnes in Devon.

A local currency used in Totnes to encourage spending in local businesses.

The negative impact on the environment from transnational companies’ operations, such as high carbon emissions.

A certification ensuring producers receive fair pay for their goods, like coffee and chocolate.

The process of opening markets to reduce government control and encourage competition.

The transfer of ownership of public services or assets to private companies.

International Monetary Fund; provides financial aid with economic adjustments for member countries.

Institution that loans money to developing countries to promote development and reduce poverty.

World Trade Organization; aims to promote free trade by reducing tariffs and barriers.

The suppression of speech, public communication, or other information that may be considered objectionable.

Economic policy of restricting imports to protect domestic industries from foreign competition.

Agreements between countries to reduce trade barriers, allowing free trade among members.

The combination of two companies from different countries into a single entity.

When a company from one country buys a controlling interest in a company in another country.

The pricing of goods and services sold between controlled or related legal entities within an enterprise.

Financial support from the government to help lower the cost of goods or services.

Selling a product in a foreign market at a price lower than in the domestic market.

The imposition of one culture over others, often through media and religion.

An emerging culture that transcends national borders due to globalization.

The decline or loss of cultural identity due to external influences.

Countries implementing measures to control foreign influences.

The growing disparity between wealth in different regions, especially between the rich and poor.

A measure of income inequality within a population, ranging from 0 to 100.

The emigration of skilled workers to other countries for better opportunities.

Political groups that promote nationalism and may oppose immigration.

The spread of cultural beliefs and social activities from one group to another.

Changes in local cultures due to increased global interconnectedness.

Conflicts arising between nations due to resource competition.

Elderly family members left behind as younger generations migrate.

Reduction in local services due to decreased population and demand.

Failure to maintain farmland due to declining rural populations.

Increased meat consumption due to rising middle class influences.

Contamination of rivers with harmful chemicals like arsenic and lead.

Presence of harmful particulates in the air that increase respiratory issues.

Process where factories close and production shifts to other regions, often affecting local economies.

Abandonment of buildings and areas, leading to neglect and decay.

Increase in joblessness often due to companies relocating factories or services.

Movement of people from countryside to cities in search of better opportunities.

Attractions that draw people to cities, such as job opportunities and services.

Economic hardship driving people away from rural areas towards cities.

Struggles over land ownership, often leading to displacement for indigenous communities.

Natural events like droughts prompting migration for survival.

Issues like overcrowding, rising crime, and strained services in expanding cities.

Wealthy individuals relocating to major cities, impacting local housing markets.

Workers migrating for lower-wage jobs in skilled sectors like construction.

Money sent back home by migrants to support their families and communities.

Increased variety of cultures in a host country due to incoming migrants.