Lecture

Economic Globalisation: Facts and Trends

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In course

MGT-464: Globalisation, robotics and the future of work

This course introduces students to economic globalisation with an emphasis on the role of digital technology and its impact on the future of work. ...

Description

This lecture by the instructor covers key facts and trends that shape economic globalisation, focusing on the impact of geography, historical civilisations, food crops, climate zones, population density, and income distribution. It also delves into the shift of economic weight towards Asia, global warming, urbanisation, technological advancements, artificial intelligence, democratic governance, conflicts, and climate change scenarios. The presentation provides insights into the past, present, and future dynamics of the global economy.

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Related concepts (32)

Climate change

In common usage, climate change describes global warming—the ongoing increase in global average temperature—and its effects on Earth's climate system. Climate change in a broader sense also includes previous long-term changes to Earth's climate. The current rise in global average temperature is more rapid than previous changes, and is primarily caused by humans burning fossil fuels. Fossil fuel use, deforestation, and some agricultural and industrial practices increase greenhouse gases, notably carbon dioxide and methane.

Climate classification

Climate classifications are systems that categorize the world's climates. A climate classification may correlate closely with a biome classification, as climate is a major influence on life in a region. One of the most used is the Köppen climate classification scheme first developed in 1884. There are several ways to classify climates into similar regimes. Originally, climes were defined in Ancient Greece to describe the weather depending upon a location's latitude.

Climate change scenario

Climate change scenarios or socioeconomic scenarios are projections of future greenhouse gas (GHG) emissions used by analysts to assess future vulnerability to climate change. Scenarios and pathways are created by scientists to survey any long term routes and explore the effectiveness of mitigation and helps us understand what the future may hold this will allow us to envision the future of human environment system. Producing scenarios requires estimates of future population levels, economic activity, the structure of governance, social values, and patterns of technological change.

Temperate climate

In geography, the temperate climates of Earth occur in the middle latitudes (23.5° to 66.5° N/S of Equator), which span between the tropics and the polar regions of Earth. These zones generally have wider temperature ranges throughout the year and more distinct seasonal changes compared to tropical climates, where such variations are often small and usually only have precipitation changes. In temperate climates, not only do latitudinal positions influence temperature changes, but sea currents, prevailing wind direction, continentality (how large a landmass is) and altitude also shape temperate climates.

Hardiness zone

A hardiness zone is a geographic area defined as having a certain average annual minimum temperature, a factor relevant to the survival of many plants. In some systems other statistics are included in the calculations. The original and most widely used system, developed by the United States Department of Agriculture (USDA) as a rough guide for landscaping and gardening, defines 13 zones by long-term average annual extreme minimum temperatures. It has been adapted by and to other countries (such as Canada) in various forms.

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