• 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...

Introduction

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.

Middle

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.

Conclusion

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

    However, the inner lands will benefit from the elongated summers and milder winters, providing roads that are not icy. With less icy roads, transportation to other areas will be easier. Again, areas where the soil is moist enough, agriculture can be extended northward.

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

    Examples cited included: foreigners not having to pay CPF which makes them "cheaper" to employ, foreign talent enjoy housing allowances, JTC's scheme providing housing for foreign talent, and subsidised education and healthcare for PRs. Other than complaints about inequity, locals also felt unhappy that many foreigners were no more than

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

    Hence, because they increase the population and strengthen our workforce, they leave a positive impact on our society. Based on the points given above, I feel that foreign talent leave a positive impact on our society.

  2. Antarctica Report - the environment and scientific research

    Mawson?s expedition, but at the same time is also comfortable to wear, allowing activities to be completed with ease. Todays transport in Antarctica- off-vehicles, portable rubber boats and small aircrafts- are all much more efficient than those used in Mawson?s expedition- human or dog pulled sleds and wooden carts.

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

    The third category is the CU, Customs Union. It is characterized by free trade within the area, and common national trade with outsiders. The fourth one and almost last, is the CM, which is the Common Market. The CM allows for the free trade of goods among members, sets common tariffs against outside countries, and permits the free movement of factors of production among members.

  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

    Fishermen have every reason to do something. Many fisheries are on a downward spiral towards collapse; stocks of large fish have been reduced by up to 90%. The issue of overfishing, particularly by foreign vessels, was very low on the international community's radar when the government of Somalia collapsed in the 1990s.The combination of rich fishing opportunities

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

    lines when entering the intersections each minute, without noting their exit points or times. The rest of the students were measuring transit times, using a stopwatch to time vehicles from the time they passed a line of corn starch entering the intersection until crossing another line of corn starch leaving the intersection.

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