Flashcards
intro to globalisation
Cards in this deck (5)
- 1GLOBALISATION "The geographic dispersion of industrial and service activities, e.g. Research and development, sourcing of inputs, production and distribution, and cross border of networking companies"CHARACTERISTICS
-Trade and international trade
-transfers of capital, incl. FDI via TNCs
-Global Brands markets serving in low and high income countries (McDonalds)
-Spatial Division of Labour (refer to Apple)
-Interdependence
-Labour migration - 2DRIVER 1 CONTAINERISATIONCosts of ocean shipping has decreased, thereby a lower cost of shipping in the global economy brings manufacturing prices close to prices of export market
- 3DRIVER 2 ECONOMIES OF SCALEIncrease in mimimum efficient scale, if MES is rising, domestic markets may be regarded as too small to satisfy the selling needs of these industries.
- 4DRIVER 3 OPENING UP OF GLOBAL FINANCIAL MARKETSremoval of K controls in many countries facilitating FDI
- 5DRIVER 4 LESS PROTECTIONISMold forms of trade barriers have been dismantled, opening up economies to trade.
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- Description
- A-Level world development (Globalisation) Flashcards on intro to globalisation, created by jordsisaac on 20/01/2016.
- Created by
- jordsisaac · Jan 2016
- Updated
- Feb 19, 2016
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