global change our changing world. key terms the integration of the world’s economy and culture...
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Global Change
Our Changing World
Key
Term
s
• The integration of the world’s economy and culture through the mass consumption of mainly Western culture, technology and trade
Globalisation
• A term used to describe how the world appears to be getting smaller through advances in technology, especially technologies that allow the transfer of information
Global village
• Large companies that operate in a number of countries but generally have their headquarters in one of the countries of the developed world
Transnational
corporations (TNCs)
What
is d
rivi
ng
glo
balis
ati
on?
Advances in transport and
communications technology
The growth of transnational corporations
(TNCs)
Expansion of world trade
International investment
What
is d
rivi
ng
glo
balis
ati
on?
• Movement of goods and services between countries
• Money moving into and out of countries
• Individual, government and business investment, loans and repayments
• Very large companies that operate in a number of countries
• Business links of TNCs
• Bulk carriers, oil tankers & container ships
• Aviation (Boeing 747)
• Internet & email
Advances in transport and communications technology
The growth of transnational corporations
(TNCs)
Expansion of world trade
International investment
Key
Term
s
• The growing number of commercial links between companies and firms
Economic Integratio
n
• The increasing linkages and similarities between world cultures
Cultural Integratio
n
• A world dominated by the consumption of the products of popular culture
Mass consumer
culture
• Mainstream culture; usually associated with ‘lighter’ forms of entertainment
Popular culture
What
is e
conom
ic
inte
gra
tion? Global trade
• Fast rate of change in international trade
• TNCs largely responsible (account for around ¼ of all goods and services produced globally
Global migration• The movement
of workers between countries
Global investment• Rapid growth of foreign investment
between countries• 80% of flow of investment funds
between developed countries
Global finance• Eg from TNCs
operating in different countries, money from overseas trade & investors
What
is c
ult
ura
l in
tegra
tion
Development of a mass consumer
culture
Global music
industry
MTV: effective method for marketing consumer
products to teenagers
Sport
MerchandisingMass marketing of
fashion
Global ChangeGlobal Inequalities
Key
Term
s
• The differences that exist in people’s standard of living or quality of life
Inequalities
• Coping without the resources (food, clothing, shelter) necessary for life
Absolute poverty
• A process of change that results in an improvement in the quality of life of a community. It usually involves reducing poverty
Development
• The infrastructure (eg roads, water supply, schools, hospitals, airports) of a community; often supplied by government
Public wealth
Natu
ral R
eso
urc
es:
Key
Term
s
• Any part of the physical or human environment used to meet the needs of people
Resource
• A resource that can maintain and /or replace itself if managed carefully
Renewable resource
• Any part of the physical environment that cannot be replaced once it has been used
Non-renewable resource
• Resources that no individual or country owns or has legal responsibility for
Global commons
• The unused supply of a non-renewable resourceReserves