globalisation Flashcards
Economic Globalisation:
capitalist free markets operate without national borders
provide 4 examples of Evidence for a Globalised Economy:
- Spread of capitalist free market
- Growth and spread of TNCs
- McDonaldisation (Ritzer, 2000)
- Global financial markets
Political Globalisation:
global TNCs, charities & multi-state organisations now make political decisions for many countries
what is Global decision-making
states that act together to make decisions and work together to form Intergovernmental Organisations (IGOs)
examples of Intergovernmental Organisations (IGOs)
European Union (EU) United Nations (UN) North-Atlantic Treaty Organisation (NATO)
Cultural Globalisation
global media & communications, travel & tourism and world sport mean we’re all part of a world community
summarise the Neoliberal Perspective
on globalisation
Known as “positive globalists” - they believe it’s a good thing because it extends free markets, liberal democracy and “trickle down” equality
summarise the Radical Perspective
on Globalisation
they highlight issues in dependency theory and neo-colonialism as some pitfalls of globalisation
Believe globalisation only serves to increase inequality by making businesses more profitable through exploitative and disingenuous practices
what does Cultural imperialism lead to
cultural homogenisation
Cultural imperialism is
- imposing culture through economics/trade
Cultural homogenisation is
- loss of cultural diversity as globalisation increases
what do marxists believe are the new empire-builders? as a reference to neo-colonialism
TNCs and IGOs are the new empire-builders. This reflects traditional radical and Marxist thought.
Transformationalist Perspective
believe that
- Globalisation might naturally slow or reverse
- We might be able to reject the negatives and accept the positives of globalisation
why do transformationalists believe that cultural homogenisation wont happen. what is this called?
Homogenisation doesn’t need to happen - we can instead keep our culture and share it, for everyone’s benefit. This is called hybridization of culture
outline the extent of economic gloablisation today.
Economic globalisation has come a long way- TNCs are now only curbed by IGOs like the EU, and are more powerful than almost all states