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Hint
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Answer
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Globalisation: The process of countries becoming ___________ and ___________, creating a ______ ______
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Interconnected, interdependant, global network
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Globalisation types
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Economic
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Globalisation types
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Cultural
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Globalisation types
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Political
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Globalisation types
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Social
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Globalisation types
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Environmental
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Flows
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Commodities
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Flows
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Capital
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Flows
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Information
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Flows
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Tourists
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Flows
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Migration
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Shrinking world: ________ and ________ improvements made the ___ ___ ______ as people are more ________
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Transport, technology, world seem small, people, connected
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Transport improvement +year
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Steam railways 1830
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Transport improvement +year
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Steam ships 1840
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Transport improvement +year
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Jet aircraft 1850
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Transport improvement +year
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Containerisation 1850
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Train example +year
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Trans Siberian Networks 1904
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TSN countries
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China, Japan, Moscow
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Time-space compression: _______ places feel closer due to ___ ________ reducing ________ ____ (time and money)
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Distant, ICT improvements, communication costs
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ICT improvement +year
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Telegraph 1858
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ICT improvement +year
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Mobile phones 1990
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ICT improvement +year
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Fibre Optic 1990
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ICT improvement +year
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Social media 2000
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Facebook year
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2006
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Instagram year
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2010
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Tiktok year
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2016
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In 2019, UK tourists spent
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28.5 billion
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UK depends on...
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70000 seasonal agricultural workers
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BTS % GDP +year
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0.3% 2019
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International organisations influence...
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Pace and nature
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WTO promotes
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Global free trade
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How?
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Removal of barriers
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IMF promotes
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Global economic stability
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IMF lends money to...
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Mitigate or prevent economic crises
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IMF lends money in exchange for...
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Trade liberalisation
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WB promotes
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Economic development and poverty reduction
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WB aims for countries to...
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Join the global economy
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These IGOs support the...
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Capitalist ideologies of member states
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USA IMF voting rights
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17.4%
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USA WB income
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87 billion
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National government decisions
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Liberalisation
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National government decisions
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Protectionism
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National government decisions
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Privatisation
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National government decisions
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Start up grants
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National government decisions
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Trade blocs
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Economic alliances create greater...
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Economic stability
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Economic alliances create greater...
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Geopolitical security
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Economic alliances create greater...
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Political alignment
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EU members year
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1957
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ASEAN members year
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1967
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NAFTA +year
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1992
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USMCA +year
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2020
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SEZ features
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Removal of tariffs and quotas
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SEZ features
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Low taxes
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SEZ features
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Unions often banned
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SEZ features
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Environmental regulation
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SEZ features
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Government funded infrastructure
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China 1949 (3)
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Centrally planned, famine, poverty
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China 1978
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Radical and political reforms
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Number of SEZs
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4
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China FDI +year
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187 billion, 2019
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China GDP from manufacturing
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27%
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Globalisation indices
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KOF Globalisation Index
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Globalisation indices
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AT Kearney Global Cities Index
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Top 3 KOF, 2020
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Switzerland, Netherlands, Belgium
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Top 3 AT, 20202
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New York, London, Paris
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Detatchment reasons
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Physical
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Detatchment reasons
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Environmental
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Detatchment reasons
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Political
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Detatchment reasons
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Economic
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TNCs are...
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Powerful creators of wealth
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TNC impacts
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Global Production Network
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TNC impacts
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Glocalisation
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TNC impacts
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New markets
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TNC impacts
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Offshoring
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TNC impacts
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Outsourcing
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TNCs take advantage of
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Economic liberalisation
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TNCs take advantage of
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Rapid growth
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TNCs take advantage of
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Large profits
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TNCs take advantage of
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Cheap labour
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TNCs take advantage of
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Low running costs
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TNCs take advantage of
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Strengths and skillsets
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TNCs _______ focus ___ in countries that offer _______ _________
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Unevenly, FDI, economic advantages
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TNC % of global trade
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80%
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North Korea: ______, ______ regime with ______ __________ __________
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Isolated, socialist, limited international connections
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North Korea: limited __________ __________ restrict ______ to ______ ________ and ideas
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Communication connections, exposure, information, ideas
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North Korea: famine years
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1990s
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Walmart headquarters
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Arkansas
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Walmart electronics
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China
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Walmart clothes
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India
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Walmart Indian outlet
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Bharti Enterprises
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Walmart 2020
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Largest TNC
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Walmart 2020 turnover
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559 billion
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Walmart 2020 employees
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2.2 million
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