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What is Globalisation?

1. What is Globalisation? It refers to the rapid increase in the share of economic activity
taking place across national boundaries. http://www.youtube.com/watch?v=uI0itS3gQFU
Ppt originally by Rebecca Nicholas.
2. Global income is more than $31 trillion a year, but 1.2 billion people of the world's
population earn less than $1 a day.
3. 80% of the global population earns only 20% of global income, and within many
countries there is a large gap between rich and poor.
4. The 3 billion people living in the 24 developing countries that increased their integration
into the world economy enjoyed an average 5% growth rate in income per capita, longer
life expectancy and better schooling.
5. The digital and information revolution has changed the way the world learns,
communicates, does business and treats illnesses. In 2002, there were 364 people per
1000 using the internet in high income countries, while there were only 10 per 1000 in low
income countries.
6. Two billion people, living in countries in sub-Saharan Africa, the Middle East, and the
former Soviet Union, have been unable to increase their integration into the world
economy, and their economies have contracted, poverty has risen, and education levels
have risen less rapidly than in the more globalised countries.
7. Economic Globalisation The increasing integration of national economies that is
occurring in association with modern technology and trade liberalisation. What might
political globalisation mean?
8. They include:- Multinational enterprises that carry out business across national
boundaries; The World Trade Organisation (WTO), through which international trade
agreements are negotiated and enforced; The World Bank and the International Monetary
Fund (IMF) which are meant to assist governments in achieving development aims through
the provision of loans and technical assistance; and National governments, who together
with these international institutions, are instrumental in determining the outcomes of
globalisation. Key Players in Globalisation
9. Large corporations active in a number of countries. Multinational Companies
10. Reasons for Globalisation Globalisation helps minimise labour costs In some labourintensive industries (eg. clothing, toy making etc), wages represent the largest input for
businesses. Many labour intensive areas of production are located in countries such as
Mexico, China, India and Sri Lanka.
11. Globalisation increases access to natural resources. Some countries have limited
access to cheap resources. Firms therefore relocate to take advantage of production
abroad.
12. Globalisation increases flexibility in decision making. Can improve flexibility or choice
they have in decision making. Eg. Ford, BHP-Billiton, Fiat have plants located around the
world.
13. Corporate Expansion Multi-national or trans-national corporations (MNCs or TNCs)
businesses with a headquarters in one country but with business operations in a number of
others. No matter where you go in the world, certain businesses will always have a
presence. Copyright: mkeky, stock.xchng
14. Key Issues: Damage to the environment? Exploitation of labour? Monopoly power
Economic degradation Non-renewable resources Damage to cultures Shell and Nikes
activities have come under severe criticism in some quarters. Copyright: Homsel,
stock.xchng
16. Does our future look brighter?

17. Answer with reference to globalisation technology developed and developing worlds
500 word essay explanation of globalisation referenced

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