Mise-à-jour le 25 March 2024,
3 minutes de lecture
4. Introduction to glablization
Key questions :
What are the global flows and why did they accelerate ?
How and why has globalisation changed ?
The impact of global flows on Power
Globalization implies
Increased mobility and integration of goods, services, labor, technology, and capital throughout the world
TIme space convergence
A reduction of the friction of distance
Intensification of consciousness of the world as a whole
Definition of Globalization
The process of creating networks of connections among actors at multi-continental distances, mediated through a variety of flows incluting :
People, migration, tourism
Information and ideas
Capital
Goods and services
Factors
Improved transport (faster, cheaper, more accessible)
Containerisation (standard size, shipping, rail and road transfer easier and cheaper)
High speed trains
Mixing transport methods allows goods to be transported cheaper and faster
Improved technology (internet, mobile phones, information accessability)
Improved mobility of capital
Reduction in trade barriers, tarrifs
Regional economic blocks
Ex : European Union
Multi National companies increase
TNCs that have their headquarter in a country, and production in another