CUE and GS&G revision so far...

Which of the following is a factor in globalisation?

• Financial systems

• Flows of capital

• Flows of labour

• Global marketing

Which of the following factors in globalisation would refer to blocs and agreements?

• Transport

• Trade

• Security

• Finance

How would information systems help countries to benefit from economies of scale?

• Allows them to buy more technology

• Allows them to sell more products

• Reduce the average cost of making each item by purchasing specialised equipment

• Increases the output of workers.

How can globalisation cause interdependence?

• Countries are dependent on each other to solve security issues.

• Countries reduce their reliance on communications

• Countries brings more wealth that people chose to share

• Countries become independent in their economic growth

What is a negative consequence associated with interdependence?

• Unequal flows of people

• Unequal flows of government power

• Equal flows of investment

• Increased access to markets globally

Unequal flows of people can create advantages such as...

• Brain drain

• Transport services are easier to use

• Refugees are common.

• Remittances are sent home by migrants that support capital flows into LICs

Which of the following global institutions have been accused of reinforcing unequal power relations?

• United Nations - promoting development, but only in member countries.

• World Bank - LICs often require loans and therefore have less influence over decisions from the WB/IMF

• GreenPeace - only focus charitable work in LICs.

• WWF - Focus on environmental challenges where investment is highest.

What has happened to the volume of global trade?

• Increased by nearly 8x between 1980 and 2008

• Decreased as NEEs isolate LICs

• Dominated by HICs so it has not increased

• Doubled between 1980 and 2016

What is FDI (Foreign Direct Investment)?

• When a country chooses to invest elsewhere

• When a person, company or other group spends money in another country in order to generate profit

• When a TNC is footloose and can leave at any time

• When a TNC chooses to invest or distribute goods in countries outside of it's origin.

Who is responsible for setting global trade rules?

• The World Bank

• The IMF

• The World Trade Organisation

• The UNEP