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globalisation, THE GLOBAL SHIFT - Coggle Diagram
globalisation
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GLOBAL CONNECTIONS
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connections made through trade, colonialism and co-operation between countries through international organisations
lengthening of connections between people and places, with products obtained from further away than before
deepening of connections with the feeling of being deeply connected to other people and places in every aspect of life
faster speed of connections with the ability to communicate with others in real time using new technologies or travelling quickly between continents
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A SHRINKING WORLD
when places around the world take less time to reach, due to developments in technology and therefore start to feel closer
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the increasing connectedness of countries around the world through movement of goods, services, capital and ideas across borders
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social - international migration, improvements in education and healthcare and social interconnectivity
cultural - through western cultural characteristics dominating in some areas, glocalization and hybridization, and the increasing speed at which ideas and information are circulating
political - the increase in trading blocs, free trade agreements and global organisations
transnational corporations ( TNCs ) - companies who operate in many countries producing and selling goods and services
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THE GLOBAL SHIFT
BENEFITS
POVERTY REDUCTION
globally, over 1 billion people have escaped poverty, with over 500 million in China alone
new 'global middle class' has emerged to describe the increasing number of working people in urban areas
WAGED WORK
many people are now earning between US$10 and US$100 per day working in the manufacturing and service sectors
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EDUCATION & TRAINING
millions of graduate degrees are presented by over 2,500 universities in China, India and South Korea alone
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DEINDUSTRIALISATION
dereliction resulting from the closer and abanonment of factories, shutting down of services and neglected housing
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high unemployment as a result of factories closing, losing manufacturing jobs
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refers to the relocation of different types of industry, especially manufacturing
resulted from a combination of off-shoring, outsourcing and new business start-ups in emerging economies such as China and India
led to unethical practices being 'exported' e.g. poor working conditions, child labour and low wages
