globalisation

• what is globalisation?

  the increasing interconnectedness of the world's economic, cultural and political systems
• how has accessibility of the world changed with globalisation?

  • Advances in transportation
  • improvements to infrastructure
  • growing international wealth, production chains, and economies
  • international diplomacy
• how have cultural changes changed with globalisation?

  • demographic shifts owing to increased migration
  • integration and/or marginalisation of communities
  • ethnic diversity and tensions
• how has information and communications changed with globalisation?

  • development of modern technologies
  • changes to communication methods and speeds
• what are flows of capital?

  on a large scale it can reference transfers of money between the world's stock markets for investment, trade or production. on a smaller scale, individual or regular payments between people for various reasons.
• what are flows of labour?

  despite the restrictions imposed by many governments, record migrations have been recorded in recent years. soon there will be a quarter of a billion economic migrants in the world. some states have a special need for migrant labour
• what are flows of products?

  flows of manufactured goods have multiplied in size in recent years, stimulated by low production costs in China and even lower waged economies, such as bangladesh and vietnam
• what are flows of services?

  many nations have highly developed networks of flows of tertiary services, increasingly however, services are often 'subcontracted' out of a higher income core nation to those more on the periphery, where labour is cheap
• what are flows of information?

  the internet has brought real time communication between distant places, allowing goods and services to be bought at the click of a button. this is heavily interlinked with the other flows, particularly services in the 21st century
• what are trade blocs?

  groupings of countries. such as the european union, the north american free trade area, and the association of south east asian nations. countries with a bloc reach agreements which reduce taxes, tariffs and quotas in trading between them
• what are the factors of globalisation?

  development of communication technologies, fiancal systems and relaionships, transport developments, trade agreements, development of security systems