Chapter 11 - Translocalities and Urban Systems Flashcards
donut cities
cities that were empty in the middle (inner city) and vibrant in the outskirts (suburbs)
alienation
The circumstance in which a person is indifferent to or estranged from nature or the means of production
tariff
tax or customs duty imposed on a country’s imported goods; often used to protect domestic production from relatively inexpensive imports
what countries are more/less globalized?
Typically smaller countries that are more developed are the most globalised, such as the Netherlands, Luxembourg, and Belgium; on the other hand, larger, less developed countries are less globalised like Russia and China
Reasons for Distance Becoming Less Important
Rise of transnational corporations, improved transportation, increased global trade and integration, spread of information through technology
first wave of globalization
started in 19th century and ended during the beginning of WW1 when the decline of liberalism and the rise of nationalism led to a slump in international trade;
before the first wave, trade was driven by colonialism; flow of goods between empires and colonies accounted for an important part of international tradese
second wave of globalization
after world war 2, and was enabled by the technological advancements, like the development of commercial aviation, improvements in shipping, and widespread adoption of the telephone
third wave of globalization
started after the oil crisis of the 1970s, proceeded with the emergence of BRICS, and was enabled by new inventions (microprocessors) and new political alignments; many new technologies were developed, like the Intel supercomputer
global village
“People sometimes refer to the world as a global village when they want to emphasise that all the different parts of the world form one community linked together by communication devices, especially the internet”
what made up the hardware of globalization
rail transport, air transport, techonlogy advacemnets, and containerizatoin
what made the software of globalization
The G20 summit
Bretton woods agreement
General Agreement on Tariff and Trade (GATT)
World Trade Organisation (WTO)
BRICS
BRICS: Brazil, Russia, India, China and South Africa; organisation representing the world’s emerging economies
6 major trade blocks
NAFTA, EU, ASEAN, SAFTA, COMESA, MERCOSUR
Transnational Corporations
a large business organisation that operates more two or more countries; multinational corporation; oftentimes the HQ is in a developed country and manufacturing facilities are in developing countries
economic globalization
not the same tithing as economic internationalisation
when production and distribution are no longer contained by national boundaries, a change that has been brought about by the rise of transnational corporations
disorganized capitalism
the most recent form of capitalism, characterised by disorganisation and industrial restructuring