Enquiry Question: How does globalisation bring about challenges & opportunities
Review: How successfully can Singapore manage the threat of terrorism?
Understanding goal: How successfully can Singapore manage the challenge of globalisation?1. What is globalisation?
- interdependence of trade (goods and services)
- movement of people (migration)
- flows of capital (investment)
- transfers of technology (knowledge and products)
- 1st wave: 1800-1914 - Exploration-Colonialism by countries
- 2nd wave: after 1991 - Expansion of transnational corporations
- 3rd wave: after 2000 - Enhancement of personal communications-movement
- Economic impact
- improved standard of living
- increased competition for investment & talent
- increased income gap
- increased rural-urban migration
- Social impact
- improved awareness of foreign cultures
- accelerated loss of local culture
- Political impact
- increased influence of trans-national organisations
- Environmental impact
- accelerated environmental degradation
- accelerated climate change
- improved environmental management
- inspired search for alternative energies
