Globalisation negatives

Global marketing
1. Over-standardisation of goods led to increased cultural similarity - homogenity
2. Damages individual taditions
  1. Reduced diversity
3. More informality
4. Access to foreign goods is causing the desire for culturally distinct goods to fade
Flows of capital
1. Leakages = loss of income from an economic system
Trade
1. Developed Countries - allows cheap imports in through SDT agreements
2. Countries with less market access have less money for education & health care so quality of life is lower
3. Trade blocs of developed countries have access to wealthier buyers
  1. LDCs outside the trade bloc may have to pay higher tariffs
  2. LDCs dependent on selling low-value primary products that fluctuate in price - low GNI
4. Access is affected by wealth - HDC often put on higher on goods imported from LDCs
  1. Harder for LDCs to access markets
Flows of labour
1. People move less easily around the world
2. Labour markets are not as free flowing
3. Restrictions on immigration
4. Remittance dilemma in Somalia 2012
TNCs

Resource summary

	Created by Sophie Cowton about 4 years ago