Globalisation Flashcards
What are the drivers of globalisation
- Technology
- culture
- economics
- politics
- people and countries
- institutions
How has technology driven globalisation
- Increase ability to travel
- instant payments have lead to a global financial system
- better communication
How has culture driven globalisation
- global culture homogenised by global brands and migration
- monoculture is based around human rights and liberal democracy
How has economics driven globalisation
- development of global markets in goods and services with TNCs having global supply chains
- specialisation of states with better endowments
How has politics driven globalisation
End of Cold War has led to the spreading of neoliberal economic ideas and a monoculture
How have people driven globalisation
Growth of migration and movement of people across borders - last 15 years, 41% increase in migration
How have institutions led to globalisation
The growing role of organisations like the WTO has facilitated free trade and interdependency
What are the causes of economic globalisation?
- underlying economic logic of capitalism
- role of technological improvements
- spread of pro market values
What are the causes of cultural globalisation
- role of social media and better technology
- TNCs have developed global goods and global brands
- the growth of migration
What are the causes of political globalisation
- the emergence of a human rights culture
- NGOs growing role in watching and sharing information about human rights abuses by states
- the end of the Cold War
does economic globalisation resolve the issue of global poverty? YES (1)
- developing countries attract investment by engaging in free trade, allowing them to break out of subsistence culture
- countries are able to specialise in what they do best and import what they dont do best
- the internet has led to the free flowing if ideas which were exclusively developed states’ before.
does globalisation resolve the issue of poverty? YES (2)
- TNCs outsource employment to countries with lowest labour costs, which is often developing countries, thus increasing employment.
- the MDGs have largely been successful because of globalisation
- absolute poverty has reduced from around 1.9billion to 800 million between 1990 and 2015, correlating to increased globalisation.
does globalisation resolve the issue of poverty? NO (1)
- the proletarianisation of countries leads to disintegration of communities, and corresponding increases in crime.
- TNCs only exploit developing states for cheap wages, and don’t actually invest in the country.
- often benefits the rich more than the poor, although absolute poverty has decreased, relative has increased.
does globalisation resolve the issue of global poverty? NO (2)
- global capitalism is volatile, encouraging crises such as the sub-prime mortgage recession of 2008, and instability threatens socioeconomic progress in states
is globalisation another word for ‘americanisation’? YES
- the ten most profitable movies in history, led by Avatar, are all american
- the top 10 restuarant chains are all american: Mcdonalds, KFC, Subway
- the equivalent of 20% of the worlds population drink a coca-cola product every day
- the US holds 22% of the worlds GDP and dominates organisations like the world bank and IMF.