Globalisation (1 Viewer)

[Joshmosh2]

1. Define the process of globalisation and explain how it has affected people's lives

For the bolded part, what do I talk about?

Does this include the main indicators of globalisation, such as:
*Financial, trade and investment flows
*Movement of workers between nations
*Technology, communication and transport

One of the first things i thought of was:
Removal of trade barriers - > increase in trade flows -> Increased demand for G & S -> Increased GDP and GWP - > More needs and wants satisfied - > improved living standards.

 

[swagmeister]

yup that's on the right track - it has affected people by allowing them to migrate, invest internationally etc. focus on those syllabus points - you can even have things like with technology, it has allowed family members to stay connected around the world. There is so much you could do!

 

[mreditor16]

1. Define the process of globalisation and explain how it has affected people's lives

For the bolded part, what do I talk about?

Does this include the main indicators of globalisation, such as:
*Financial, trade and investment flows
*Movement of workers between nations
*Technology, communication and transport

One of the first things i thought of was:
Removal of trade barriers - > increase in trade flows -> Increased demand for G & S -> Increased GDP and GWP - > More needs and wants satisfied - > improved living standards.

There's great information on this in the first chapter of the Dixon / O Mahony textbook. Try to use that as a starting point.

 

[Joshmosh2]

yup that's on the right track - it has affected people by allowing them to migrate, invest internationally etc. focus on those syllabus points - you can even have things like with technology, it has allowed family members to stay connected around the world. There is so much you could do!

Yes, it's a very broad question. Thanks.

 

[Joshmosh2]

There's great information on this in the first chapter of the Dixon / O Mahony textbook. Try to use that as a starting point.

ty