Global Systems And Governance Flashcards
What is a global systems
Refers to any organisation/group or activities that link different parts of the world.
What is meant by governance:
Refers to any attempt to regulate the global systems and activities. Eg/ International Monetary Fund
What is globalisation
A process by which national economies, societies and cultures have become increasingly integrated through the global networks/systems of trade, communication, transport and immigration
Fundamental points of globalisation
-globalisation has economic, social, environmental and political impacts
-globalisation has aspects that needs to be managed
-globalisation provokes different views on the need to manage its impacts
When did globalisation start
-first wave as early as 1492 when empires gained raw materials and labour
-second wave developed in 1960s after Canadian Marshall McLuhan used the term global village to describe the breakdown of spatial barriers around the world.
What is economic globalisation:
Long distance flows of goods capital and services as well as information and perceptions that accompany market exchanges largely caused by the growth of TNCs
What is social globalisation
Expressed as the spread of ideas, info, images, and people largely. This is fuelled by the growth of social media
What is political globalisation
Spreed of government policies and the influence of international bodies such as the UN
What is the core-periphery model
-developed in 1963 by John Freidmann
-describes spatially how economic, political and cultural authority spread out in core and periphery regions
-the model suggest that the countries of the world can be divided into 2 “core (Europe, N America, Australia) and periphery (countries that don’t reap benefits of global wealth and globalisation)”
How can we measure globalisation
-‘KOF’ index of globalisation is an index of the degree of globalisation and was first devised in 2002
-economic globalisation: measured by flows of trade, foreign investment and finance
-social globalisation:spread of ideas, information, images and people. Estimated by the personal contact, information flows and cultural profundity
-political globalisation: characterised by the degree of political cooperation. Measured by number of embassies, membership of international organisations, participation in UN Security Council missions.
Is globalisation truly global: yes
-KOF index, everywhere has some form of globalisation
-migration from every urbanised country
-movement of remittance across the whole world
Is globalisation truly global: No
-still split between core and periphery
-many places don’t have internet (Scottish hylands)
-2021 only 2% of phone calls are abroad
-3% of the worlds population are 1st hen immigrants
-only 29% of economic output around the world is exported
How has flows of products been allowed
-products need to be transported from place of manufacturing to their chosen place
-this has been helped via containerisation
-removal of taxes and tariffs encourage global trade by groups
-ships carry thousands of containers to different countries and then moved onto trucks to move through the country
How has flows of services and information been allowed to grow
-improvements in ICT have allowed services to become global industries
-ICT can be available anywhere
-high level of services: services tk business such as finance and investment
-low level of services: services to consumers, banking, travel ect.
-growth in the number of internet users by 10% from 2015-2016
-internet penetration growth: (NAmerica 77%-88%), (Asia 24%-34%), (Africa 11%-29%)
What is time space compression
Refers to the set of processes that cause the relative distance between places to contact, effectively making places be smaller ‘shrinking world’
Key factors in the cause of shrinking world
-communication development
-transport development
-financial development
-security developments
-trade agreements
-management systems
-information systems
How have development in flights shrunk the world
-1919: Alcock and Brown first to fly WW1 bomber over Atlantic Ocean but crash landed in June 1919 in Ireland
-1930: airship German ownership
-1937: Hindenburg from Germany to US but exploded due to the hydrogen causing the end of the airship era
-1940-1950: only could get around in Europe by planes
-1969: Concorde succeeded in flying London-New York but ended flights in 2003
How have the development in cars shrunk the world
-1908: 1st UK mass produced car (ford model T) but could run you over and may not start and can’t go uphill)
-1962: died Corina, affordable by average family
-building of M1 75m stretch in 1959
What is containerisation
Systems of standardised transport that uses a common size of steel container to transport goods (20/40ft)
Container ports development
-first container vessel 1959
-1960s international organisation for standardisation introduced
-1960 1.7tonnes unloaded per hour in uk
-1970 30tonnes unloaded per hour
How has social media contributed to globalisation
It’s made the world feel smaller, it has changed the way we live our lives. Within this one of the largest and most recent changes has been social media.
Facebook small case study
-high income areas are highly connected through Facebook including NA, Europe, east Australia.
-low income areas aren’t well connected through Facebook areas like SA, Africa, south east Asia.
-areas like Russia and China aren’t connected due to the governments control over media.
-geographical areas like Brazilian rainforest, Australia outback, north Canada’s Tundra aren’t connected
What is a trading bloc
A trade bloc is a type of intergovernmental agreement where barriers to trade are reduced or eliminated among the participating states
What is a full political union
Increasing integration between countries, more institutions, decreasing national sovereignty
What is economic union
Internal barriers/tariffs are abolished, common external barriers, free movement of resources and money, uniform set of economic policies
What is common market
Internal barriers/tariffs are abolished, common external barriers, free movement of resources among member countries
What is customs union
Internal barriers/tariffs are abolished now with common external barriers (EU)
What is free trade area
An area where internal barriers/tariffs are abolished but where external barriers are maintained with no common policy (NAFTA)
Have trading blocs helped it hindered the process of globalisation: hindered
-loss of sovereignty independence. Trading blocs need to make decisions for the whole area not specific countries
-reaching agreement with member states can be difficult and long
-shutting down domestic industry
-increase in green house gases
-increased economic dependence, always rely on other countries
-smaller members of trade blocks don’t like big governments
-increase in cost of raw materials
Have trading blocs helped it hindered the process of globalisation: helped
-countries joining rich trading block can benefit from inward investment and increased trade opportunities
-social/economic unions can set high environmental standards
-decrease monopoly, goods and services flow freely and so created larger choices
-increased competition, domestic firms will cut costs to compete
-increased economic power against other trading blocs
-lower consumer prices as no tariffs
What is global interdependence
Refers to worldwide mutual dependence between countries. All nations depend on each other for goods, services, humanitarian or military assistance
What is IMF
Organisation of 188 countries who work to promote financial cooperation between countries to reduce poverty. Normally through promotion of trade and high employment
What is the UN
Known as the guardian of international peace, security and human rights. It promotes the development of poorer nations through work with the IMF and world bank
What is the world trade organisation
Deals in the rules of trade between countries ensuring trade flows freely
What is world bank
It is important source of financial and technical assistance to developing countries, it’s main aim is to reduce poverty
What is a TNC
A global company which operates in more than one country. Headquarters are often in MEDC’s with factories in LEDC’s where workers are cheaper