Global Governence

Question 1

Interdependencey

Answer 1

Means what happens in one place increasingly has impacts on other places. eg. Natural disaster = less remittance pay for home country.

Question 2

Economic interdependence

Answer 2

Globalisation led to rise in international migration. Some sectors of UK economy rely on Eastern European workers and therefore the European country relies on Remittance pay.

Question 3

Political Interdependence

Answer 3

Eco Interdependence = political Interdependence.

Eg. 2 countries with McDonald’s won’t wage war because their economies are interlinked.

Question 4

Social Interdependence

Answer 4

Strengthened through Migration.
India&UK -> Indian Diaspora (collective Migrant) deepened interconnectedness.

Question 5

Environmental Interdependence

Answer 5

All states are evironmentaly interdependent to some extent to use shared use of global commons. Mutual Survival.
Shared goals of climate change mitigation and biodiversity protection.

Question 6

Pros of Interdependenceancy

Answer 6

Remittances.
Labour Flows.
Inflows of FDI.
Capital flows where TNCS are headquartered.
Lending.
Information Flows.

Question 7

Cons of Interdependencey

Answer 7

Loss of profits.
Environmental Degradation.
Worker Exploitation.
Brain Drain (loss of skilled workers)

Question 8

Gini Index

Answer 8

Widely used summary measure of inequality in the distribution of household income is the Gini coefficient.

The Gini coefficient is a measure of the overall extent to which these groupings of households, from the bottom of the income distribution upwards, receive less than an equal share of income.

Question 9

Larenze Curve

Answer 9

Plots cumulative percentages of total income received against the cumulative number of recipients.

Question 10

FDI

Answer 10

Person, company or other group invests money in another country in order to generate profit.
$400 billion in 1996 to $1500 billion in 2016

Question 11

Comparative Advantage

Answer 11

Idea that countries shoukd specialise in providing goods and services that they excess at producing. Trade for goods they are not good at producing.

Question 12

Common Market

Answer 12

Free movement of goods, services & capital.

Question 13

Containerisation

Answer 13

Standardised containers to import/export goods. 1956

Question 14

Taffifs

Answer 14

Taxes on imports/exports

Question 15

Economies of Scale

Answer 15

Saving money through more production

Question 16

Roles of NGOs (PPP)

Answer 16

Protection- Providing relief to victims of disaster and assisting the poor.
Prevention- Reducing People’s vulnerability through income diversification.
Promotion- Increasing people’s chances and opportunities.
Transformation- Redressing social, political and economic exclusion or oppression

Question 17

Issues with global governance

Answer 17

Lack of cyber security.
Difficult to come to agreements between countries.
Hard to come to final outcome due to some members pulling out (e.g. Trump with Climate Change)