7.7 Globalisation Critique

Question 1

What are the benefits of globalisation

Answer 1

Increased economic growth

Improved living standards

Cultural integration

Political stability and global governance

Question 2

Explain why increased economic growth is a benefit of globalisation

Answer 2

global trade and FDI can create new job opportunities and stimulate a multiplier effect e.g. China became the world’s second-largest economy after opening up to globalisation

Question 3

Explain why improved living standards is a benefit of globalisation

Answer 3

additional wealth enables countries to invest in infrastructure and improve education and health care, which in turn will stimulate further growth

Question 4

Explain why cultural integration is a benefit of globalisation

Answer 4

cultures and ideas can flow freely across borders, promoting cultural awareness and diversity e.g. the popularity of K-pop

Question 5

Explain why political stability and global governance is a benefit of globalisation

Answer 5

as countries become more interdependent, they become more likely to work together and international cooperation can be promoted e.g. the Paris Climate Change Agreement

Question 6

What are the costs of globalisation?

Answer 6

Environmental degradation

Inequalities

Cultural erosion

Injustice and conflict

Question 7

Explain why environmental degradation is a cost of globalisation

Answer 7

deforestation and increased carbon emissions present a significant threat to the planet both locally and globally e.g. China is now the largest emitter of greenhouse gases

Question 8

Explain why inequalities are cost of globalisation

Answer 8

there is a growing gap between rich and poor both within and between countries e.g. the top 1% of the world’s population holds 44% of the world’s wealth, while the bottom 50% holds just 1% of the wealth

Question 9

Explain why cultural erosion is a cost of globalisation

Answer 9

the spread of western culture leads to the dilution or loss of culture elsewhere e.g. the growing dominance of English as a dominant language contributes to the decline of indigenous languages with one language dying out every two weeks

Question 10

Explain why injustice and conflict are an example of cost of globalisation

Answer 10

exploitation of people and the environment can lead to conflict and tensions e.g. the collapse of the Rana Plaza factory in Bangladesh highlighted the exploitation of workers in the garment industry