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Summary Globalisation

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A snapshot of the summary - Globalisation

  • 3 Globalisation

  • 3.1 Globalisation is a long-standing processes which has accelerated because of rapid developments in transport, communications and businesses

  • How does railways contribute to a shrinking world
    • Allows people to travel faster in their own country and to other countries
    • Makes land locked countries more accessible   
  • 3.2 Political and economic decision making are importantant factors in the acceleration of globalisation

  • How many Eastern Europeans live in the EU
    2.2 million Eastern Europeans live in the near
  • How does the wto contribute to the spread of globalisation
    • They advocate trade liberalization especially for manufactured goods 
    • Countries are asked to abandon protectionist attitudes  
  • What did the wto convince China to do in 2014
    Convinced to lift export restrictions on rare earth minerals
  • How does the IMF help spread globalisation
    It channels loans from rich countries from poor countries if they agree to open up trade to outside investment.
  • What is the maximum amount of foreign films allowed in china each year
    34
  • 3.3 Globalisation has affected some places and organistions more than others

  • What does it mean if a country is switched off from globalisation
    It means they have not allowed the process of globalisation to take place and are excluded from global flows of capital, trade, labour and information.
  • One reason for a country being switched off to globalisation is that they can't afford it
    • Can't afford the appropriate infrastructure + technology to allow them to be switched on
    • These countries do not have sufficient markest for TNCs to benefit from investing in as the people have no disposable incomes. 
  • How can a country's political agenda make them switched off to globalisation
    This is because political dictatorship may limit citizens access to the outside world by limiting flows of people and culture.
  • North Korea is switched off from globalisation because ...
    It is a hereditary autocracy ruled by Kim-Jonn un and since 1955 and since 1955 it has followed a policy of self sufficiency minimising trade with other countries - but they so trade with China a bit.
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