Global systems

Question 1

interdependence

Answer 1

a rabbit is interdependent on its food source (grass) to survive
the status of being reliant on each other
the same happens between countries

Question 2

global interdependence

Answer 2

no country can be totally self-sufficient, therefore, global interdependence is needed. countries are interdependent as they rely heavily on the decision of other countries, meaning they would struggle and be detrimentally affected without them

Question 3

global system

Answer 3

global systems can include the environmental, political, legal, economic, financial or cultural systems that help to make and remake the world we live in.
each of these different systems can be affected and benefit from each other

Question 4

global interdependence - political

Answer 4

• countries rely on other countries to intervene if there is political unrest.
• international political issues require countries working together in order to solve them. issues raised must have a unanimous decision from nations.

Question 5

global interdependence - economic

Answer 5

countries are dependant on the flows of labour, products and services entering the country to grow. labour provides a workforce, products and services mean countries can develop and make more money

Question 6

global interdependence - social

Answer 6

• migration has caused social interdependence as there are now diasporas (groups of migrants o the same origin living in another country) all over the world that are dependent on the place they live in
• countries rely on each other for leisure activities, e.g. TV programmes produced in other countries

Question 7

global interdependence - environmental

Answer 7

all nations are affects by other nations’ greenhouse gas emissions, nuclear waste emissions etc. meaning all countries rely on each other to protect the environment. e.g. the nuclear all out from he Chernobyl disaster in Ukraine reached the UK and France.

Question 8

the role of financial institutions

Answer 8

• the role of these institutions is to support the structure of the world economic and financial order by regulating and acting as intermediaries in the flow of international capital (money).
• these institutions were established together at the end of WWII in an attempt to steady the global economy and provide financial stability.

Question 9

what role do the IMF and the World Bank play in globalisation?

Answer 9

• formed after WW2 to provide financial stability
• IMF is a ‘lender of last resort’ to try and prevent global economic crisis - stabilises flows of capital
• World Bank promotes economic development in developing countries, aims to reduce the development gap

Question 10

what are the positive aspects of the organisation?

Answer 10

• have helped fund long term development projects using ‘bottom up’ approach (WB)
• provides loans to help members tackle their balance of payments and stabilise their economies (IMF)

Question 11

what have the WB and IMF been criticised for?

Answer 11

• richer countries have the greatest influence on ho money is spent
• lending to corrupt government
• imposing ineffective austerity measures to get their money back
• attaching ‘conditions’ to loans

Question 12

what does interdependence do?

Answer 12

interdependence increases inequality, both between countries and between people within the same country.