economic and cultural globalisation

Question 1

what does economic globalisation describe?

Answer 1

economies of nation states are being more connected into a global marketplace

Question 2

what has happened as a result of increased homogenisation of global economics?

Answer 2

economic sovereignty of nation-states is being eroded

Question 3

what is cultural globalisation?

Answer 3

the process of merging many cultures into a single global culture

Question 4

what are examples of cultural globalisation?

Answer 4

McDonald’s sell American-style food across the world

Doctor Who is a British television show watched by people in many different continents

Indian restaurants are found across the West

Coca Cola is the second most well-known term across the world, only beaten by “OK”.

Question 5

what has enabled cultural globalisation?

Answer 5

technology because we can understand and are exposed to customs and traditions from anywhere

this has lead to the rise of americanisation

Question 6

what are causes and evidence for economic globalisation?

Answer 6

cause: capitalism —> growth of international trade

cause: tech innovation —> the growth of transnational production as design, manufacturing and assembly is globalised eg apple

cause: the political role of states and international institutions promoting neoliberal polices of free trade, deregulation and privatisation —> the global division of labour by country creating economic efficiency

cause: the spread of pro-market values, consumerism and materialism —> a globalised financial system where financial transactions are instant

Question 7

what are evidence for cultural globalisation?

Answer 7

americanisation

increasingly westernised global culture based on individualism, materialism and consumerism

emergence of human rights culture

liberal democracies and neoliberal economic policies eg end of history fukayama