EQ3-Globalisation Flashcards
Economic measures GDP (Gross Domestic Product)
-Final value of outputs gds+services in a country divided by pop (GDP per capita
-includes foreign-owned businesses W/their operations
-doesn’t account for purchasing parity in different currencies hiding wealth rich+ poverty of poor
(Data can be misleading China 2nd GDP $11tn but 84th capita £14,000)
Economic measures economic sector balance
Proportion of country’s GDP across 4sectors: primary, secondary, tertiary+ quaternary but doesn’t compare value of sectors
Social measures Human Development Index (HDI)
- 3indicators(soc+econ)GDP/PPP, life exp, literacy rate combing give score 0-1
- used by UNDP(United Nations Development Plan)identify development since 2010
Social measures GII (Gender Inequality Index)
- composite index devised by UNDP(soc+econ)
- reproductive health(maternal mortality+adolescent birth rates), empowerment (Parliament seats occupied men vs women), education and employment(labour force participation rate females+males 15+ doesn’t include unpaid work+25+ same education lvl men vs women)
- doesn’t include family work
Social measures Environ quality (air pollution indices)
- measured by Yale Uni uses amount pollution found outdoors+ inside homes
- many lower income countries score poorly as use wood burning stoves for cooking indoors
- deteriorates as econ development
GINI coefficient
- 0-1or 0-100 measuring degree inequality in distribution income within country (higher=more inequality)
- Lorenz curve shows wealth distribution on graph
- straight diagonal line represents perfect equality wealth distribution A
- Lorenz curve beneath shows reality B
- difference= amount inequality wealth distributions
- GINI=A/A+B
Difference in GINI
- Haiti(emerging)60.8-big informal sectors, underdeveloped, subsistence farmers but some industries-high inequality
- Mexico(developing)48.2-moderate spread wealth newly developing
- Sweden(developed) 25.2-v gd welfare system W/lots taxation+equal distribution of wealth
Globalisation winners economically
- factory+call centre Asia facilitated growth middle class theses worker’s incomes risen as gained outsourced+off-shored jobs
- about 1800billionaires 2016-most made wealth ownership global TNCs
- developed countries proved v gd maintaining wealth despite rise countries e.g, China
- ppl work TNCs developed=high income+ reasonable job security but high-stress
- many countries advanced low-income->middle income status since 1970s showing ‘three- speed’ world of developed, emerging+ developing
Globalisation losers economically
- isolated rural pop Asia+Sub-Saharan Africa-subsistence farming still dominates+global connections=thin->widening income gap altho incomes risen slowly+absolute poverty fallen worldwide not everywhere+huge gains others
- growing divide within nations e.g.China majority better off but relation richest getting poorer as GINI47%+increase focus mega cities(Beijing, Shanghai)
- workers (especially men)old industrial cities developed world generally lost jobs
- slum dwellers(developing)mega cities like Lagos-reality urban life often much worse off than they exp
- workers sweatshop factories (emerging) suffer exploitation-may be better than rural areas came from
- 2013:8-storey factoring building (Rana Plaza)clothing co collapsed-> killing over 1,000ppl typically built quickly for rising demands clothing industry, new floors added->cracks started show but ‘declared safe’
Globalisation winners environ
- lrg scale global flows cheap food=gd news EU+US
- some countries take advantage globalisation without damaging environ(others can’t)->econ development Sweden not affected quality environment-management maintains biodiversity, water+air quality
Globalisation losers environ
- transformation 40% land surface-productive agricultural land-> habitat loss+biodiversity falls on a continental scale
- negative impacts agribusinesses operate poorest countries e.g. Africa+ S Asia->causes issues due intensive cash-cropping, cattle ranching+ aquaculture->neg effect ground water sources+ remove mangrove forests->increase susceptibility coastal flooding
- econ development->increase energy use+air pollution emissions
Diaspora
Movement ppl who share a Nat+/ethnic identity away from their perceived homeland
Post-accession migration
Flow econ migrants after a country joined EU
Extremism
Holding extreme views usually pol or religious
Populist extremism
Pol ideology that rejects current pol consensus appeals “common man”