3.2.1 Global systems and global governance Flashcards
define globalisation
a process by which national economies and societies have become increasingly integrated and interconnected through the global network of trade, communications, transport and immigration
what are the different elements of globalisation?
-economic
-cultural/social
-political
what are the economic elements of globalisation caused by?
-increase in free trade
-growth of TNCs (EU, UN)
-faster, cheaper transport
-global marketing
what are the economic elements of globalisation characterised by?
long distance flows of goods, capital and services, information and market exchanges
what are the cultural/social elements of globalisation caused by?
-migration
global communication networks
-impact of western culture through media
what are the cultural/social elements of globalisation characterised by?
spread of ideas, information and images
what are the political elements of globalisation caused by?
-growth of western democracies and their influence on less economically developed countries
-decline of communist economies
what are the political elements of globalisation characterised by?
the diffusion of government policy and development of market economies in former communist states
how can we measure globalisation?
using the KOF index
when was the KOF index introduced?
2002
what three aspects does the KOF index look at to measure how globalised a country is?
economic, social and political
what percentage of the KOF index is economic aspects?
36%
what percentage of the KOF index is social aspects?
38%
what percentage of the KOF index is political aspects?
26%
how can the economic aspects of the KOF index be calculated?
through economic flows (trade/finance)
how can the social aspects of the KOF index be calculated?
through personal contacts (phone minutes, remittances), information flows (internet use, radios per thousand) and cultural proximity ( number of McDonalds and IKEAs)
how can the political aspects of the KOF index be calculated?
through number of UN peacekeeping missions
what does it mean by dimensions of globalisation?
the characteristics of globalisation
what are the dimensions of globalisation?
-flow of capital, labour, products, services, information
-global marketing
-patterns of production, distribution and consumption
what is the flow of capital?
includes all money that moves between countries
what is the name of the model that traditional flows are shown in?
core-periphery model
what countries are the core countries?
HICs