Menu
Globalisation
Globalisation has been happening for 100s of years but its speed has increased over the last half century. The term "Globalisation" refers to the increasing connections between places and people across the planet. "Globalisation" is a metaphorical phrase that states the Earth is getting smaller.
What are the effects of Globalisation on different groups of people?
Globalisation is an ongoing process and the global economy is constantly changing. It is affecting people, especially workers, throughout the world but in different ways. In LEDCs, there is still a large informal sector (where people don't pay tax and are unregulated e.g. a street seller) and child labour is still used. Skills and education are rising rapidly and people aspire to the wealth of the west.
In MEDCs workers have had to re-skill as jobs in farming, mining and manufacturing have given way to jobs in the tertiary or research and development (quaternary) sectors. Working has become more flexible with more part time, working from home self employment.
Why has the speed of Globalisation increased over the past 50 years?
Improvements in transportation: larger ships mean that the cost of transporting goods between countries has decreased significantly and that people and goods can travel more quickly. Also money can be moved electronically between countries.
Increased communications: The internet and mobile technology has allowed greater communications between people in different countries.
Increased trade: trade is important to the economies of most countries around the world as companies rely on it to make large profits. International organisations are promoting free trade between countries.
Other causes for the speed of the growth of Globalisation include Increased labour availability and skills, and Increased wealth and aspirations.
Positive impacts of Globalisation:
Negative impacts of Globalisation:
Note: Deindustrialisation is the decline in the manufacturing (secondary) industry and the growth in tertiary and quaternary industries. Some impacts are:
What are the effects of Globalisation on different groups of people?
Globalisation is an ongoing process and the global economy is constantly changing. It is affecting people, especially workers, throughout the world but in different ways. In LEDCs, there is still a large informal sector (where people don't pay tax and are unregulated e.g. a street seller) and child labour is still used. Skills and education are rising rapidly and people aspire to the wealth of the west.
In MEDCs workers have had to re-skill as jobs in farming, mining and manufacturing have given way to jobs in the tertiary or research and development (quaternary) sectors. Working has become more flexible with more part time, working from home self employment.
Why has the speed of Globalisation increased over the past 50 years?
Improvements in transportation: larger ships mean that the cost of transporting goods between countries has decreased significantly and that people and goods can travel more quickly. Also money can be moved electronically between countries.
Increased communications: The internet and mobile technology has allowed greater communications between people in different countries.
Increased trade: trade is important to the economies of most countries around the world as companies rely on it to make large profits. International organisations are promoting free trade between countries.
Other causes for the speed of the growth of Globalisation include Increased labour availability and skills, and Increased wealth and aspirations.
Positive impacts of Globalisation:
- TNCs help developing countries by providing them jobs
- TNCs bring wealth and foreign currency to local economies when they buy local resources
- People can experience foods/clothes/other products from other cultures that they have never tried before
- Increases awareness of events in far-away parts of the world
- May help to make people more aware of global issues such as deforestation and global warming.
Negative impacts of Globalisation:
- Globalisation operates mostly in the interests of the richest countries which continue to dominate world trade
- There are no guarantees that the wealth from inward investment will benefit the local community as the profits are often sent back to the MEDC where the TNC is based
- TNCs may operate in LEDCs in a way that wouldn't be allowed in an MEDC
- Could drown out local economies, traditions and languages and be a threat to he worlds cultural diversity.
Note: Deindustrialisation is the decline in the manufacturing (secondary) industry and the growth in tertiary and quaternary industries. Some impacts are:
- changes in the employment structure in an area
- permanent unemployment
- family breakdown
- more available land
- less water used in industrial processes
- reduced traffic congestion