Please enable JavaScript.
Coggle requires JavaScript to display documents.
Factors for globalisation - Coggle Diagram
Factors for globalisation
Flows of information
Financial data, news
Moves extremely quickly
Email, internet, social media
Large amounts, instantly, glablly
More interconnected
Learn cultures, countries without leaving home
Flows of capital
Money that is invested
Historically it was within countries
Buildings, factories
Foreign direct investment
$400 billion in 1996 -> $1500 billion 2016
Improvement
Technology
Communication
Encouraged global floes
Moves instantaneously
More interconnected
More dependant
Economies rely on FDI
Flows of products
Historically made in HICs
Sold where they were made
Manufacturing decreased in developed countries
UK
5 mill in 1985 to 2.6 mill in 2014
Employment decrease
Lower wages overseas
Relocate production
Import/Export to sell
Dyson produce in Malaysia sell in UK
International trade
Increase in manufactured goods
UK
1990
£200 billion in value
2008
£550 billion in value
Flows of services
Economic activities
Not production
Improvement of ICT
Global industries
Banking/Insurance
Depend on communication/transfer of info
Can locate anywhere
Deregulation
Easier for international banking
UK/USA profit
Can be split up
High level
Financial
Concentrated cities
More developed countries
Low level
Customer service
less developed countries
cheaper wages
Flows of labour
Movement of people/workforce
International migration increased 40% 2000 - 2015
Highly skilled workers
IT/Medicine
Moving to developed
More money/Better wages
Unemployment/poor wages