global ppower

Question 1

global value chains and global production networks

Answer 1

gncs/gpns

• refer to a pattern of global and regional production, coordinated and controlled by transnational corporations (TNCs), that is both functionally and geographically fragmented - phillips
• the world economy’s backbone and central nervous system - cattaneo

Question 2

2013 united nations commision on trade and development

Answer 2

estimates 80% of global trade flows through gvcs controlled by tncs

Question 3

cammack

Answer 3

• complaints of rising economic inequality prompted the world bank to create policies regarding poverty reduction yet these policies end up ‘specifically geared towards equipping the poor to compete in the labour market’ and to ‘increase productivity of labour and competitiveness around the world’

Question 4

pierterse

Answer 4

victims of progress

national market capitalism to global

Question 5

cammack - on fucntion of capitalism

Answer 5

global capitalism is identical to state capitalism just amplified to a world stage ‘they function for the exploitation of labour and creating profit by relying on the capacity og the owner of the means of production tto only pay the worker for part of the profit of their labour’

Question 6

non democratic institutions

Answer 6

• g20 economic forum
• world trade organisation
• world bank( chosen by us)
• imf (chosen by eu)

Question 7

robinson on tncs

Answer 7

The ability of TNCs to plan, organize and control activities across countries makes them central agents of globalization….”

Question 8

bankers

Answer 8

• jp morgan chase 3.3 million in 2010 to influence the us government which in turn has influence is trade agreeemtns and transnational governance