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Globalisation 5 > Prevention of globalisation > Flashcards

Flashcards in Prevention of globalisation Deck (7)
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1
Q

Give three ways of preventing globalisation

A
  • Laws
  • Limited online freedom of information
  • Trade protectionism
2
Q

What is the five tier immigration system in the UK?

A

Enforced since 2010 to control immigration by checking economic migrants posses skills that the UK need

3
Q

Describe each tier of the UK immigration system

A

1 - highly skilled
2 - skilled in a specific job to fill gaps in UK labour
3 - Limited number of lower skilled workers needed to fill shortages
4 - students
5 - temporary workers

4
Q

What is resource nationalism?

A

A common feature of state policy when people or governments assert control over natural resources to limit international supply

5
Q

What happened to the Canada based company ‘First Quantum’ in 2009?

A

Forced to hand over 65% ownership to a $550m copper mining project to the DRC government

6
Q

Describe China’s resource nationalism

A

China’s resource nationalism took the form of rare earth export restriction, the USA, UK and Japan complained to the WTO and as a result China had to relax restrictions

7
Q

How can countries with natural endowments acquire more revenue? What consequences can result?

A

Taxes, royalties or full scale state ownership

May inhibit FDI