Globalisation

Question 1

Economic consequences of globalisation

Answer 1

• Growth of MNCS accelerates cross border trades

- ICT supports growth of complex spatial divisions of labour for firms and a more international economy

Question 2

Social consequences of globalisation

Answer 2

• International immigration created extensive family networks across borders, creating multi ethnic societies

Question 3

Political consequences of globalisation

Answer 3

• growth of trading blocs (e.g. EU) allow MNCs to merge, while reduced trade restrictions help markets to grow
• global governance concerns over free trade, credit crunch and response to natural disaster
• world bank , IMF, and WTO work internationally to harmonise national economies

Question 4

Cultural consequences of globalisation

Answer 4

• successful western cultural traits come to dominate in some territories e.g. the ‘McDonaldisation’ of tastes and fashion
• Globalisation are more complex outcomes, as old local cultures meld with globalising influences

Question 5

Modern Globalisation

Answer 5

differs from global economy that preceded, over time connections between people and places have:

• lengthened = products shipped over greater distances, migrants and tourists travel longer distanced from home
• deepened = more aspects pf life become globally connected, i.e. food we eat
• speeded up = quicker travel speeds and communications across long distances

Question 6

Acceleration or retreat of globalisation

Answer 6

US presidential election and UK Brexit, migration and free trade agreements were key issues affecting how people voted, migration and trade barriers re-introduced