Global Governance Flashcards

1
Q

Globalisation

A

The process of growing connections across the globe

Becoming a ‘Borderless World’

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
2
Q

Economic examples of Globalisation

A

TNC’s outsourcing and offshoring for lower labor costs

Trade Blocs

Global Transactions

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
3
Q

Political Globalisation

A

Trade Embargos

Trade Blocs

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
4
Q

Sociocultural globalisation

A

Media

Westernisation

Tourism

Awareness of global issues

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
5
Q

Environmental globalisation

A

Pollution

Global agreements such as Paris in 2016

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
6
Q

Types of flow

A

Capital flows - money

Labour flows - workers

Product flows - goods

Service flows - provide a service globally e.g call centre

Information flows - ideas

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
7
Q

Capital Flows

A

Core regions - Wealthy developed countries e.g US Uk

Periphery regions - developing countries with less power

International Monetary Fund - attemps to reduce poverty around the world, oversees trade agreements and financial security

The world bank - Gives out loans for development or relief

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
8
Q

Labour flows

A

Economic migrants - move voluntarily for chances of an improved quality of life and work opportunities

Majority of labour flows is from a low income country to a high income country

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
9
Q

What percentage of the global population are international migrants?

A

3-4%

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
10
Q

Labour flows in Asia

A

63 million people move to work in different areas of Asia in 2017

Majority from South East e.g India to West e.g Qatar - usually for better job prospects

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
11
Q

Labour flows in Europe

A

41 million in 2017

Uk has 2nd largest immigrant population in EU with 700,000 polish immigrants

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
12
Q

Product Flows

A

Movement from area of production to area of consumption

In the past products were produced in high income countries but recent shift due to advancing technologies which allow products to be made in low income countries (lower labour costs)

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
13
Q

Service flows

A

Services can now be transferred globally due to growing communicative tech - companies are no longer confined

2 types

high skill - e.g finance advice

low skill - e.g call centres

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
14
Q

Information flows

A

Grown since 90’s with social media use, internet use developments

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
15
Q

Global Markerting

A

Globalisation allows companies to sell their goods on a global scale

companies can attain social recognition and awareness after developing a trademark e.g Apple - this can also allow trust to form

Glocalisation where a company adapts it’s products to fit local market e.g cherry blossom kitkat

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
16
Q

Agricultural products

A

US and EU top exporters of agriculture products but many emergine economies e.g China and Brazil are in the top 10

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
17
Q

Textiles

A

Majority of produce is from NEE’s such as China

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
18
Q

Consumption

A

In general, HIC’s consume more products than LIC’s or NEE’S

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
19
Q

Factors affecting globalisation

A

financial systems - relations between investers and borrowers e.g bank, globalisation has allowed this to become a global process

financial technologies - Money made easily accessible across the world, growing information about investment, cryptocurrency and remittances easily sent home

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
20
Q

Factors affecting Globalisation, Transport, Containerisation and Communication

A

Transporting goods - containerisation e.g using large shipping containers in order to transport goods

Transporting people made simpler through aircrafts

Communication Technologies - Satellites etc

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
21
Q

Economies of Scale

A

Increasing profits by producing more while keeping production costs low

Global supply chains outsource and offshore

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
22
Q

Trade Agreements

A

Tariffs - tax on imports and exports

Trade agreements lower overall cost of trade

All trade agreements are overlooked by the WTO to ensure they are fair

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
23
Q

NAFTA

A

Lowers or removes tariffs on exports and imports between Canada, USA and Mexico

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
24
Q

Interdependence

A

Depend on choices made by other countries e.g political unrest, economic growth, greenhouse gas emissions

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
25
Unequal Flows of people between HIC and LIC's
In general, migration from a LIC to a HIC due to increased opportunity Benefits of unequal flows; increased workforce for HIC, form relationship between home and host country, remittances Losses of unequal flows; dependency on migrants, overpopulation, brain drain for home, exploitation
26
Unequal flows of money, benefits and losses
benefits; country recieving money may have an improved quality of life, take advantage of low labour costs, remittances losses; Injustice and exploitation, dependancies
27
Unequal flows of tech
In past, majority of flows were in HIC's and no demand for tech in LIC's HIC's invest in LIC's but companies in LIC's do not want to invest in HIC's due to higher costs Lots of tech is now produced in LIC's or NEE's and distributed in HIC's. (e.g China exports 10 x tech to EU than what EU exports to China tech wise) Benefits; trade deals, economic benefits Losses; exploitation
28
Unequal power relations caused by Interdependence
In general, richer countries have more power, money and tech as well as deeper relationships with other wealthy countries. LIC's are only able to respond to actions made by HIC's e.g climate change LIC's can be pressured into trade agreements with HIC's, WTO aims to stop this WTO has been critiqued for favoring wealthy countries e.g LIC's underrepresented within WTO
29
International trade changes
Occuring more than ever before, only time slowed recently was under the 2008 crash Investments are now mainly HIC's investing in LIC's (low labour costs) NEE's also beginning to invest in LIC's e.g China investing in Africa LIC's also trading more but overall contribute only 1% of global merchandise exports
30
What percentage do LIC's account or in global merchandise exports?
1%
31
Fair Trade
Set up 1992 to ensure producers recieve fair trading conditions
32
EU
28 countries, free trade within the EU
33
Access to Markets
Improved access to markets improves a countries economy, Can be limited by a countries development
34
Factors impacting access to markets
Trade agreements Wealth
35
TNC's
Companies operating across multiple countries Some are very powerful and can hold political power e.g pressuring countries to offer tax reductions
36
Spatial Organisations of TNC's
Headquartes usually located in HIC, responsible for 'big decisions' such as investments and meetings with global institutions (Majority in EU, USA or Japan) Research and Development happens over the globe in order to immerse in local cultures Manufacturing usually takes place in LIC for lower labour costs
37
Apple
HQ in California 2011 44% of sales in US Majority of production is outsourced to China Large part of R and D in Cork, Ireland 2010, 50 workers in Chinese factory poisoned by Chemicals
38
Linkages
TNC's create links between countries and companies Created in order to benefit the TNC snd often invoves expanding the company
39
Mergers
Companies join to form one large company
40
Aquisition
TNC buys another company in order to expand
41
Vertical Integration
Take ownership of part of supply chain
42
Horizontal Integration
Take control of another company, usually one in same industry
43
Global Governance
Multiple governments working together in order to tackle global issues such as climate change, wat or famine
44
Laws in Global Governenace
International Laws, multiple nations act together to ensure global systems e.g human rights international bill
45
Global Institutions e.g UN
Aim to represent all nations, deal with law enforcement and promoting equality Have positine and negative effects
46
Promoting growth and stability, agencies
WTO Stabalise economies (IMF) Promote social growth and stability (WHO) Environmental Stability (WWF)
47
Exacerbating Inequality and injustices
G7 only represents wealthier countries IMF only gives loans conditionally = can cause exploitation TNC's manipulate the rules
48
The Global Commons
Area that does not belong to a single government e.g outer space, the internet, Antarctica
49
Tragedy of the commons
As ungoverned they are vulnerable to exploitation, especially as they are usually rich in resources Unless they are globally governed there are no rule Also under threat due to human activity e.g climate change
50
Protection of the Global commons
Global Institutions International Law NGO's
51
Antarctica climate + facts
Largest ice sheet in the world contains 90% of earths fresh water temp average -40C very little precipitation Winds between 60-70mph Not very biodivese very few land animals but southern ocean diverse in sea life
52
Antarctica why exploited?
Rich in natural resources such as oil and iron = exploited
53
Whaling
Overfishing of Krill (200,000 tonnes anually) disrupts food chain Whales are slow breeders so when caught the food chain is disrupted greatly
54
Climate Change
Sea level rise new species migrate to area CO2 stored in ice sheets released
55
Mineral and Resource Exploitation
All mining banned in Antarctica
56
Tourism and Scientific research
Fuel emissions Oil spills 'Extreme Tourism' Trampling Litter
57
UN role in Antarctic
Not a large role despite large basis Work indirectly helps e.g research on o zone depletion and climate change
58
International Whaling Comittee
1946 set up Set catch limits work with governments to help conservation efforts Limited as they cant enforce any penalties for members who leave e.g Japan leaving in 2018
59
Antarctic Treaty (1959)
53 countries Antarctic should only be used for peaceful means All research should be shared and cooperated on Nuclear activity is banned Became a global common But treaty is not mandatory and isnt regularly enforced
60
Protocol on Environmental protection to the Antarctic treaty
Bans on activites related to mineral resourcing asside from scientific research Additions to waste management and pollution