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24 Cards in this Set
- Front
- Back
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5 global flows are; |
Capital, commodities, information, tourists and migrants |
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What is the relationship between development and length and depth of global connections |
proportional |
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5 developments in transport which have accelerated globalisation |
Jet aircraft, container ships, railways, steam power |
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what are the types of globalisation
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Economic, social, cultural, political, and social |
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3 International economic orgs |
WTO, IMF and World Bank |
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What is GATT |
The general agreement on trade and tariffs to begin the global process of facilitating trade |
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Do the WTO, IMF and world bank have a positive or negative impact on the countries they do work in? |
It is controversial- They do invest money, but with conditions that sometimes require cutbacks in public services to repay loans |
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What was the Tanzania water privatisation scandal? |
The world bank loaned Tanzania money on the condition that their capital's water supply was privatised. This caused raised bills for consumers and very little positive impact as the private company was not profitable. |
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What is the bretton woods system |
The post 1945 international monetary agreement set up to oversee financial relations between N.A, Western Europe, Australia and Japan. |
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What did the agreement result in? |
The US dollar became a reserve currency. The system stopped in 1976 |
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What are the three main FDI methods |
Foreign mergers/Acquisitions, offshoring. |
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What two things does the Chinese government do differently to western governments |
They align themselves with communist ideologies They dissociate themselves from the west (banning social media platforms) |
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Actions towards globalisation in India |
Financial reforms - they have let more TNCs outsource and manufacture in India
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Actions against globalisation in India |
India has strong laws against high street chains 90% of India's shop are family owned |
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Actions towards globalisation in Indonesia |
Opening markets circa 1960. Gap and Levis now manufacture in Indonesia |
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Define Two speed world |
Two speed world is a country where the gap between the richest and poorest increases as a country industrialises |
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What indexes measure globalisation |
KOF and AT Kearney |
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Why, by these measures are small european countries the most globalised? |
Easier to have a well connected small population than large Small countries have short distances to neighbouring countries Small countries have a small domestic market. the EU and the trade links aided by said bloc |
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what does the AT Kearney Index Measure |
Political engagement Technological connectivity Personal contact Economic integration |
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What are some (more seldom considered) costs of the global shift? |
Unplanned settlements Cultural damage Lack of public services due to brevity of planning Loss of fertile land |
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Why is China interested in Africa? |
Very young workforce - and a desire to outsource to them to mature and diversify their economy |
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what percentage of crimes go unsolved in detroit? |
70 |
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What is the Detroit murder rate per 1000 in 2008? |
53/1000 |
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What percentage of houses are left empty today in detroit |
20% |
