• Join over 1.2 million students every month
  • Accelerate your learning by 29%
  • Unlimited access from just £6.99 per month

Give an example of a measurement of globalization and evaluate its effectiveness in describing patterns of globalization.

Extracts from this document...


Kalain Hosein Give an example of a measurement of globalization and evaluate its effectiveness in describing patterns of globalization. [10 Marks] Globalization is defined as the growing interdependence of countries worldwide through the increasing volume and variety of cross-border transactions in goods and services and of international capital flows, and through the more rapid and widespread diffusion of technology. Globalisation is measured by a multi-component indicator that was developed in 2002 that covers the economic, social and political dimensions of globalization called the KOF index. The economic globalization indicator takes into account the long distance flow of goods, capital and services, as well as information and perception that accompany market exchanges. It also looks at the trade, FDI which is the foreign direct investment and portfolio investment. In addition, it uses the restrictions to trade and capital on a given area to calculate this indicator such as the import barriers, mean tariff rates and its taxes on international trade. ...read more.


Within the personal contact component, this looks at the direct interaction among people living in different countries perhaps through social media and telephone calls. It also looks at the international telecom traffic and the degree of tourism within a given country. The second component of this indicator looks at the measure of potential flow of ideas and images, number of internet users and the share of household with a television set. With an ever changing means of how we receive media, televisions are becoming a thing of the past as more people rely on online television and streaming services such as Netflix therefore, this aspect of the component are becoming less relevant as time passes. The final component of this indicator is the cultural proximity which takes into account the number of imported and exported books as well as the number of McDonald?s restaurants and IKEA Stores. ...read more.


The 'core' consists of Europe, the United States, Canada, Australia, New Zealand, Japan, South Korea, and Israel. Within this region is where most of the positive characteristics of globalization typically occur: transnational links, modern development (i.e. higher wages, access to healthcare, adequate food/water/shelter), scientific innovation, and increasing economic prosperity. These countries also tend to be highly industrialized and have a rapidly-growing service (tertiary) sector. The top twenty countries ranked by the United Nations Human Development Index are all in the core. The semi periphery consists HIC?s and MIC?s such as Malaysia, Mexico, and South Africa. These tend to be resource exporting countries, newly industrialized countries and poorer European countries. Some of these countries could now be seen as part of the CORE (South Korea) others are characterized by regional disparities and social polarisation (Brazil) others with very rapid economic growth (Slovakia, China). The periphery tends to be LIC?s which are mainly Africa. This is due to small domestic markets, a lack of infrastructure, population increase, low economic output, low levels of economic diversification and a high agricultural population. ...read more.

The above preview is unformatted text

This student written piece of work is one of many that can be found in our International Baccalaureate Geography section.

Found what you're looking for?

  • Start learning 29% faster today
  • 150,000+ documents available
  • Just £6.99 a month

Not the one? Search for your essay title...
  • Join over 1.2 million students every month
  • Accelerate your learning by 29%
  • Unlimited access from just £6.99 per month

See related essaysSee related essays

Related International Baccalaureate Geography essays

  1. Foreign Talent-Dilemma in Singapore. as we shall explain, illustrate and seek to convince in ...

    This is how we envisage the L3 Fund to be set up: Individual working adult Singapore Citizens will receive a special dividend from the Government whenever the economy does well. This dividend will be kept in each person's L3 Fund which can only be spent on approved educational and training courses, but cannot be encashed or bequeathed.

  2. Climate changes in Canada. What consequences derive from the climate change in Canada ...

    Since wetlands are frontier-type ecosystems, they are vulnerable to climate change and extreme events. For example, coastal areas can be changed by erosion, flooding, and the invasion of salt water. In hotter and drier summers of arid and semi-arid areas, irrigation water will decrease in supply, because it will be used up at a faster rate.

  1. Is the introduction of foreign talent in Singapore beneficial to Singaporeans?

    Even students mention that they have difficulties in obtaining scholarships as those foreign talents often do very well. This is completely unjustified; as long as there is fair competition and no rampant undercutting of wages resulting in overall decline in welfare, there is no reason to feel threatened by foreigners.

  2. Describe the variations in trade blocs and evaluate the extent to which they promote ...

    Here, all trade restrictions between members of a trade bloc are eliminated, but while each member maintains his own restrictions on trade with third countries. An example of FTA is the NAFTA, as mentioned above. The third category is the CU, Customs Union.

  1. Antarctica Report - the environment and scientific research

    During summer they rotate around the axis but are always facing towards the Sun, thus having sunlight for almost 24 hours per day. However, during winter, the poles- in this case the south pole- is tilted away from the Sun and when rotating on the tilted axis, it remains away

  2. Evidence of Globalization in SofiaBulgaria

    But, quality comes with the price. Now with the border free trading, the country is selling almost all of its quality agricultural products/not a lot left/ abroad and is importing low quality ones. This process leaves many people from the agricultural regions without a job, and therefore they have to go to the big city, to find a job.

  1. Discuss the causes of overfishing and evaluate the attempts to remedy this problem

    Today however, much of the subsistence fishing has changed, with small trawlers and fishing boats being replaced by enormous factory ships which capture and process thousands of fish at one time. Some of the nets attached to these industrial ships are capable of holding up to 20,000 fish in one go across sea beds.

  2. Fieldwork Question: Which are more effective in promoting vehicular traffic flow in Nairobi: roundabouts ...

    Both intersections are on important commuter routes and therefore allow for effective data collection. Cars using the roundabout on United Nations Avenue and Ruaka Road come in from two directions, both from the Runda residential area where it is located and from the outer suburbs such as Kiambu District, funneling towards United Nations Avenue on their way to work.

  • Over 160,000 pieces
    of student written work
  • Annotated by
    experienced teachers
  • Ideas and feedback to
    improve your own work