Back to Topic 4.2 — Economic
4.2.4Digital Society SL4 flashcards

Globalization

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Card 1 of 44.2.4
4.2.4
Question

What made long supply chains possible

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All 4 Flashcards — Globalization

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Card 1concept

Question

What made long supply chains possible

Answer

Digital coordination became nearly free, payment became immediate, and demand became visible everywhere at once.

Card 2concept

Question

Where value is captured

Answer

At design and at the sale — the two steps involving the fewest people.

Card 3concept

Question

Where cost lands

Answer

At mining, assembly and disposal — the steps furthest from where the profit is recorded.

Card 4concept

Question

Why national rules miss global harm

Answer

The government with the power to act has no harm in front of it, and the one with the harm has no hold over the company.

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IB Digital Society Globalization Flashcards | 4.2.4 | Aimnova