01 Globalisation
Introduc)on to Globalisa)on Learning objec-ve To develop understanding of globalisa-on and the factors that have contributed to the growth of globalisa-on
Homework – due Monday 10th • Produce a montage of mul-na-onal company logos, brand names etc. • Plot on a world map where these companies have interests/factories – what goods/services do the your families buy from these companies?
Starter – What does it mean?
Globalisa)on
Globalisa)on • An expansion of world trade in goods and services leading to greater interna-onal interdependence
Alternate defini)on • Milton Friedman: – The ability to produce a good (or service) anywhere in the world, using raw materials, components, capital and technology from anywhere, sell the resul;ng output anywhere and place the profits anywhere
Discussion • Frances Cairncross described globalisa-on as the ‘death of distance’. What do you think she meant by this?
When did globalisa)on first start? • Stage 1, 1870-‐1920 – New technologies reduced the costs of transpor-ng goods around the world
• Stage 2, aDer 1945 – Countries keen to rebuild their economies lead to a rapid expansion in world trade. – IMF and World Bank founded
• Stage 3, now – Characterised by huge capital flows between countries and the growth of MNCs
Improvements in tramsporta-on
Economies of scale
Decline in protec-on
What factors have contributed to globalisa-on?
Improvements in informa-on communica-on technology
Rising real living standards
Task • Outline how the previous factors have contributed to globalisa-on in your notes. – Use page 95 of the text book to aide you
Homework – due Monday 10th • Produce a montage of mul-na-onal company logos, brand names etc. • Plot on a world map where these companies have interests/factories – what goods/services do the your families buy from these companies?
Starter – What does it mean?
Globalisa)on
Globalisa)on • An expansion of world trade in goods and services leading to greater interna-onal interdependence
Alternate defini)on • Milton Friedman: – The ability to produce a good (or service) anywhere in the world, using raw materials, components, capital and technology from anywhere, sell the resul;ng output anywhere and place the profits anywhere
Discussion • Frances Cairncross described globalisa-on as the ‘death of distance’. What do you think she meant by this?
When did globalisa)on first start? • Stage 1, 1870-‐1920 – New technologies reduced the costs of transpor-ng goods around the world
• Stage 2, aDer 1945 – Countries keen to rebuild their economies lead to a rapid expansion in world trade. – IMF and World Bank founded
• Stage 3, now – Characterised by huge capital flows between countries and the growth of MNCs
Improvements in tramsporta-on
Economies of scale
Decline in protec-on
What factors have contributed to globalisa-on?
Improvements in informa-on communica-on technology
Rising real living standards
Task • Outline how the previous factors have contributed to globalisa-on in your notes. – Use page 95 of the text book to aide you
