Globalisation 2
- Created by: AnelieFS
- Created on: 24-03-25 16:47
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- Globalisation 2
- Outsourcing - Bangalore, India
- 'Silicon Valley of India'
- Has emerged as a leading global hub for outsourcing services
- Bangalore has a skilled workforce hosting renowned universities and institutes
- Its lower labour costs compared to western countries attract MNCs
- Companies such as British airways and HSBC established call centres in Bangalore (to handle customer service)
- The rapid growth has created disparities, highlighting inequalities between high-paid IT employees and low-income groups
- The growth of megacities - Mumbai (cosmopolitan city)
- Mumbai is India's financial and commercial capital
- Reasons for rapid growth
- Mumbai attracts migrants from across India and beyond due to employment opportunities
- Global connections (transport links)
- Expansion has driven large-scale infrastructure projects such as highways, and airports
- Multiplier effect!!
- Rapid growth has led to overcrowded conditions, with approximately 50% of Mumbai’s population living in informal settlements such as Dharavi (slum)
- Slum Redevelopment: Projects aimed at providing improved housing, sanitation, and access to clean water in informal settlement has been implemented to attempt to sort this problem
- International migration
- Russian Oligarchs to London
- Exemplifies high-net-worth international migration
- London's status as a global financial hub provides economic security and lucrative investment opportunities
- The UK's transparent and robust legal framework attracts individuals seeking protection of their assets and property rights
- PROS: Increased cultural exchanges and diversity within London’s social fabric and substantial investments in property boosting the economy
- CONS: Rising prices in prime London areas, making housing unaffordable for many locals (gentrification) and heightened socio-economic disparities
- Impacts on Russia: brain drain, capital flights (significant outflow of capital)
- Responses: Efforts to curb money laundering through measures like the Unexplained Wealth Orders (UWOs)
- India to Qatar
- Qatar's rapid economic growth, driven largely by oil and gas wealth, has created extensive employment opportunities and higher wages than are available in India
- Qatar's ambitious infrastructure projects, notably for major events like the FIFA World Cup, have increased the demand for foreign labour
- Indian migrants significantly contribute to Qatar’s rapid economic development. Migrants constitute around 95% of Qatar’s labour force, reflecting their central role in the economy
- Migrants often live in separate labour camps, leading to limited integration within wider Qatari society and human rights concerns are prevalent
- Remittances sent home by Indian workers significantly support the local and national economy
- Migrants returning home often bring valuable skills
- Responses: Continued global advocacy for migrant rights influencing policy reforms
- Russian Oligarchs to London
- Outsourcing - Bangalore, India
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