Global systems Flashcards

1
Q

Economic interdependence

A

Countries rely on eachother for economic growth

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2
Q

Political interdependence

A

Countries rely on each other to solve issues that cannot be solved by them alone

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3
Q

Social interdependence

A

Greater interdependence from social connections

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4
Q

Environmental interdependence

A

Environmental issues cross borders, countries rely on each other to help solve them

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5
Q

Institutions that help facilitate interdependence

A
World bank
WHO
WTO
IMF
Intergovernmental panel on climate change
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6
Q

World trade organisation

A

Deals with global trade
Supervise trade barriers
Acts as an arbitrator
Provides stability

e.g. 2001 Doha development Agenda to focus on agricultural produce

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7
Q

Economic consequences

A

Growth of MINTS
Susceptible to economic shockwaves*

*e.g. Crash of East Asian Banks or 2008 Banking Crash

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8
Q

Social/cultural consequences

A

Greater sharing of ideas
Standardisation of goods
Glocalisation (e.g. McDonalds)
Social global awareness

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9
Q

Environmental consequences

A

More transportation
Depletion of resources
Outsourcing
Invasive species

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