Globalisation (Leaving Cert Geography): Flashcards
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Practise the cards
15 cards from this deck
Definition of globalisation
Definition of globalisation
Growing interdependence & integration of economies, cultures globally
Flows involved in globalisation
Flows involved in globalisation
Goods, services, capital, technology, information, people
Structure created by globalisation
Structure created by globalisation
Core-periphery structure
Examples of core regions
Examples of core regions
USA, Germany, Japan
Characteristics of core regions
Characteristics of core regions
High wages, advanced infrastructure, innovation, MNC HQs
What peripheral regions provide
What peripheral regions provide
Raw materials and low-cost labour
Examples of peripheral regions
Examples of peripheral regions
Sub-Saharan Africa, parts of Asia
Characteristics of excluded regions
Characteristics of excluded regions
Lack infrastructure, political instability, poor education
Examples of major MNCs
Examples of major MNCs
Walmart, Toyota, ExxonMobil
Size of MNC revenues compared to
Size of MNC revenues compared to
Larger than GDP of many countries
FDI concentration: 1970s vs 2000s
FDI concentration: 1970s vs 2000s
1970s: developed; 2000s: developing (Asia, Latin America)
Global brands (market driver) examples
Global brands (market driver) examples
McDonald's and Coca-Cola
Outsourcing destinations (cost driver)
Outsourcing destinations (cost driver)
India, China (newly industrialised countries)
Government drivers of globalisation
Government drivers of globalisation
Reduced trade barriers, privatisation, open-market policies
Disadvantage: worker exploitation
Disadvantage: worker exploitation
Low wages and poor working conditions in developing countries