History
STUDY NOTES FOR CHAPTER 2 Sustaining Economic Development in a Globalising World / SEC 4
Definition of Globalisation: Process by which people, their ideas and their activities in different parts of the world becomes interconnected or integrated.
1. Key Driving forces of Globalisation
1.1 Development in transportation and communications • Improvement in transportation and communication technology led to globalisation. • Transport system: People, materials, products transferred from one place to another. • Communication system: Means by which information is transmitted from place to place in form of ideas, instructions and images.
1.1.1 Transportation • Improvements in transportation reduce time taken to get from place to place, thus “shrinking” the world. • Commercial jet aircraft, large ocean-going vessels and containerization (used in 20th Century) greatly increased movement of goods and people. • Containerisation is a system of cargo transport in which standard-sized containers can be loaded on container ships, rail cars and trucks. • Containerisation reduced time and cost of moving goods over long distance. • In world, there is increase mobility of goods and people. • Countries build efficient and integrated transportation infrastructure. • Efficient transport system world wide made it possible for goods to be moved around world easily. People also travel easily.
1.1.2 Communications • Improvement in technology made communications among people in different locations faster and more convenient. • Satellite technology enabled messages to be transported and received almost simultaneously. • Optic fibre systems have very large capacity and transmit info at very high speed. • Internet invention enabled customers to access information more conveniently and efficiently. • Internet greatly transformed way one communicates and obtain info. • Advances in communication tech
Definition of Globalisation: Process by which people, their ideas and their activities in different parts of the world becomes interconnected or integrated.
1. Key Driving forces of Globalisation
1.1 Development in transportation and communications • Improvement in transportation and communication technology led to globalisation. • Transport system: People, materials, products transferred from one place to another. • Communication system: Means by which information is transmitted from place to place in form of ideas, instructions and images.
1.1.1 Transportation • Improvements in transportation reduce time taken to get from place to place, thus “shrinking” the world. • Commercial jet aircraft, large ocean-going vessels and containerization (used in 20th Century) greatly increased movement of goods and people. • Containerisation is a system of cargo transport in which standard-sized containers can be loaded on container ships, rail cars and trucks. • Containerisation reduced time and cost of moving goods over long distance. • In world, there is increase mobility of goods and people. • Countries build efficient and integrated transportation infrastructure. • Efficient transport system world wide made it possible for goods to be moved around world easily. People also travel easily.
1.1.2 Communications • Improvement in technology made communications among people in different locations faster and more convenient. • Satellite technology enabled messages to be transported and received almost simultaneously. • Optic fibre systems have very large capacity and transmit info at very high speed. • Internet invention enabled customers to access information more conveniently and efficiently. • Internet greatly transformed way one communicates and obtain info. • Advances in communication tech