Global Society 1945-Present Flashcards
What was Post-WW2 Globalization?
- Growth of capitalism and wealth worldwide
- Neoliberal economic policies
- Investment of capital ($$) across national borders
What are some examples of Neoliberal economic policies & groups created exhibiting those policies?
Open borders for goods and people
- European Union after WW2
Free Trade - No tariffs or quotas on imported goods
- North American Free Trade Agreement (NAFTA)
What is an example of investment of capital across national borders?
- Multinational Corporations like McDonald’s
What were the 3 main causes of Globalization?
- To prevent future World War
- Industrialize countries sought opportunities for wealth
- Developing countries desired investment and opportunities for economic growth
How does Globalization affect political issues?
- It prevents war because why go to war with a trading partner
How did commercialization cause Globalization?
Industrialized countries saw and opportunity to invest in and sell to the developing world
What was a social effect of Globalization?
- Greater inequality between elites & commoners with countries
What was a political effect of Globalization?
Greater inequality between industrial countries and developing countries
What was an environmental effect of Globalization?
Environmental Degradation
What was an economic effect of Globalization?
- Massive economic growth worldwide
- Higher standards of living
What are some international organizations which promote capitalism, free trade, and economic growth?
- World Bank
- International Moneyary Fund (IMF)
- World Trade Organization (WTO)
What does the European Union do?
- Allows open borders for citizens of Europe
- Promotes a similar currency such as the Euro which 19 countries use
What does the World Trade Organization do?
- Creates rules to allow smooth trade between all countries while solving dsiputes
What do the IMF and World Bank do?
-Made to promote economic stability after WW2
What are examples of economic challenges to Globalization?
- Developing countries question international loans which require neoliberal economic policies as preconditions
- Industrial countries question “free trade” agreements which lead employers to “offshore” jobs to developing countries
What is an example of environmental challenges to Globalization?
Environmental groups question economic policies which focus on profit at the expense of the environment
What is an example of a cultural challenge to Globalization?
- Human rights groups question economic policies which ignore local cultures while focusing on profit
What was the American Empire?
- US military, economic, and cultural power extending globally
- Built and expanded during the Cold War
What was Operation “Desert Storm”?
- August 1990- Iraq led by Saddam Hussein invaded Kuwait
- Also threatened to invade Saudi Abrabia
- Saudi Arabia and Kuwait asked the US (and other countries) for help against Iraq
- January 1991 - War begins
February 1991 - Kuwait is liberated and Iraq retreats
What US actions upset and angered Osama Bin Laden?
- US troops remained in Saudi Arabia to enforce a “no-fly zone” on Iraq
- US support for its rival Israel
Who was Osama Bin Laden?
Leader of a terrorist organization called Al Qaeda
What did Osama Bin Laden view the US remaining in Iraq as?
- Another Crusade
- Mostly Christian troops in the land holiest to Muslims
What happened on Sep 1, 2001?
- Hijackers take control of 4 airplane
- 2 planes hit the World Trade Center in New York
- 1 hits the Pentagon
- 1 crashes in a field in PA
- Over 3,000 killed
- Osama Bin Laden & Al Qaeda take responsibility for the attacks
What was the context of the War in Afghanistan?
- Osama Bin Laden was living in Afghanistan and was protected by the Taliban (the government of Afghanistan)