3 Flashcards
time-space convergence
concerns physical and virtual flow
intra economic area trade
share of trade within an economic area
inter economic area trade
share of trade with other economic areas
strong INTRA economic trade
regions with a robust internal economy, less dependent on external trade partners
strong INTER economic trade
development dependent on successful trade with global partners
global financial flows
- offices
-trade of goods and services
-hub of flow (goods, money, information)
social globalisation times square & broadway
-tourist hot spot
-theaters/musicals/museums
-flows of people + cultural ideas
political globalization United Nations headquarters
- representatives of 193 member states
- global political impact
one world trade center
- offices
- trade of goods and services
- hub of flows
hard power
use of:
-military force
-economic sanctions
-threats
soft power
use of:
-culture
-political values
-physical goods
(appeal, persuasion, attraction)
smart power
combination of hard and soft power strategies with an emphasis on alliances, partnership, cooperation
joint venture
business agreement between a foreign investor and at least one Chinese company
joint ventures contraversies
- lack of transparency between partners
- risk of intellectual copyright violations
