Globalisation Is Creating A More Connected World, With Increased Movements Of Goods (trade) And People (migration And Tourism) Worldwide
Overzicht
The phone in your pocket was designed in one country, built from minerals mined in several more, assembled in another and sold to you by a company registered somewhere else again. Nothing about that arrangement is natural. It became possible only because the cost of moving goods, money and information across borders collapsed within living memory.
This lesson explains how the global economy came to be organised in production and commodity chains, what made that possible, and what the World Trade Organization, the International Monetary Fund and transnational corporations actually do. It closes on the movement of people, where the vocabulary has to be exact: economic migrant, refugee and asylum seeker are not interchangeable words.
Doelstellingen
- Rise of the global economy (growth of production and commodity chains) and the factors encouraging it (trade, foreign investment, aid, labour, modern transport and information technologies)
- Role of global institutions, including the World Trade Organization (WTO), the International Monetary Fund (IMF) and TNCs in creating a more globalised economy
- Push and pull factors (social, economic and political) that have influenced rates of different types of migration over the last 50 years, including medical, sport, tourism and economic
Mindmap
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Flashcards
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Lesevaluatie
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- In a typical commodity chain for a manufactured good, most value is added at the A) raw material extraction stage B) assembly stage C) design, branding and retail stages D) shipping stage Answer: C
- Which organisation's main role is to administer the rules of trade between nations and settle trade disputes? A) The International Monetary Fund B) The World Trade Organization C) The World Health Organization D) The United Nations Security Council Answer: B
- A person who has left their country because of a well-founded fear of persecution and has been recognised under the 1951 Convention is A) an economic migrant B) a refugee C) an internally displaced person D) a tourist Answer: B
- Which of the following is an intervening obstacle to international migration? A) Higher wages in the destination country B) Visa requirements and the cost of travel C) Unemployment in the country of origin D) An established community of fellow nationals abroad Answer: B
- Containerisation encouraged globalisation mainly because it A) made ships travel much faster than before B) reduced handling costs so that transport became a small part of a product's price C) removed the need for ports D) allowed goods to be sold without tariffs Answer: B
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