Global Systems & Governance - Globalisation Critique Flashcards
What are some benefits of globalisation?
1) Integration
2) Development
3) Stability
4) Economic growth
How is integration a benefit of globalisation?
Globalisation allows countries to pool their resources to solve global issues that are too great for a single country to deal with. Greater integration of information and people creates a better understanding betwee people of different backgrounds and cultures.
How is stability a benefit of globalisation?
As countries become more interconnected, they become more dependent on one another. This discourages any actions that would upset global stability, because of the negative consequences for all countries.
How is development a benefit of globalisation?
Foreign investment brings capital into a country, which can be used to improve education and infrastructure. This in turn can attract further trade and investment, which leads to furhter development.
How is economic growth a benefit of globalisation?
Participation in global trade allows countries to profit from their natural resources and specialist industries, generating wealth. Countries can also gain products and services that they would be unable to produce themselves. Greater access to money and products improves people’s standard of living.
What are some costs of globalisation?
Inequalities, conflict, injustice
How are inequalities a cost of globalisation?
Greater divide between rich and poor people within countries as low skilled workers move to developed countries
How is conflict a cost of globalisation?
Developed countries have intervened in conflicts in order to secure access to natural resources like oil.
How is injustice a cost of globalisation?
Improved transport and communications systems have made human trafficking easier
What are some environmental consequences of globalisation?
- Global trade increases the amount of transportation required, which means more pollution and greenhouse gas emissions
- Access to resources from around the world causes deforestation
- The abundance of cheap products around the world means people can afford to be more wasteful, creating lots of landfill.