Geography A Level Globalisation EQ1

the flow of people, their culture, capital, commodities and services with little to no barries

cross continental for proucts

messages and communications between places

cross oceans trade, connecting cities like london to Paris by rivers

replaced railways, allowed for shorter times between trade, middle class can now travel to countries, ryan air flight from london to barcelona cna cost under £50

reduced transport costs, standardization but excludes older ports like the london docklands

places feel closer as flows become stronger, distances feel much shorter and connections due to mobile phones contribute

Facebook had 2.5 billion users in 2020, 3 billion in 2023, cheaper mobile phones connects LIC to the world

HSBC employs over 25,000 in London, main headquartes located in CBD, covid reduced office spaces globally by 40%, increased economic flows due to speed and availablity

subsea cable over 45,000 km long connecting Africa Asia and europe, communications per second increase rapidly, relatively cheap , between 1-6 per foot

the exchange of goods and services between people and countries

advantage - global aid is easier to access disadvantage- unique indentiy lost

financial capital flow from one country to another for the purpose of constructing physical capital, i.e. building a factory in another country.

provides loans to struggling government for their development, aims to end extreme povertyand boost shared prosperity, North Korea do not use the WB

lends money to stabilise economies, provides policy advice and developmental support, argentina have a loan of £42.9 billion

provides a neutral space for countires to negotiate trade agreements about policies, Iran is not part og the WTO

Pakistani fishermen have suffered great loss on a local scale, TNCs allowed to fish within a 20 mile radius, locals have no chance to compete leaving them in extreme poverty

all trade barriers removed between large trading countreis

united states mexico canada agreement

key player of Margret thatcher, removing barriers to international trade, deregulation of canary wharf

government owned companies are sold to TNCs - British gas was sold off in 1986, makes them cheaper as it allows FDI and reduces government spending

ireland and singapore are the most globalised countries

central african republic, gdp per capita of $461 in 2021, 60% of population is in poverty, ranked 39/100 in kof index, low skilled population is not able to compete with the worlds demands

strict migrant policies, almost no remittance payments, corrupt government, misallocation of resoucres into the military

topography of the country, burindi has many mountainous regions making trade with other countries harder, landlocked country