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Globalisation and Development - Coggle Diagram
Globalisation and Development
What is Globalisation?
The increasing connection and interdependence of countries through trade, technology, culture and ideas
Makes the world feel smaller / more connected
Drivers of Globalisation
Trade
Liberalisation of trade (opposite of protectionism)
World Trade Organisation (WTO)
Easier to exchange goods between countries
Communication
Better global networks and information sharing
Internet and mobile technology connect countries
Transnational/Multinational Corporations (MNCs)
Giant global businesses operating in many countries
Control much of the world's resources and production
Migration
People move for jobs and opportunities
Can cause brain drain in home countries
Open borders
Freer movement of people, goods and ideas
Global governance
Countries co-operate on shared problems, e.g. Kyoto Protocol
Not all countries co-operate equally (e.g. USA and Kyoto)
Positive Impacts
Economic growth and increased trade
Technology and skills transfer to developing countries
Jobs created through foreign investment
Access to modern medicine and agricultural techniques
Per capita income has doubled in some of the world's poorest countries
Negative Impacts
Unequal benefits - some countries/people gain far more than others
MNCs often take out more profit than they invest as aid
Loss of local jobs/industries to cheaper foreign competition
Overuse of natural resources in developing countries
Dependency on foreign companies and countries
The Four 'Demons' of Globalisation
Social injustice - benefits shared unfairly
Cut-throat competition - local business can't compete with global firms
Poverty - growth doesn't always reach the poor
Unemployment - jobs lost to global competition
Winners and Losers
Winners: MEDCs, MNCs, skilled migrants, countries that co-operate
Losers: LEDCs, low-paid workers, countries left out of agreements
Case Study Link
India 'welcomed' into globalisation (cartoon)
Poor man and rich man story - who really benefits from 'aid'?