Globalisation Flashcards

1
Q

What are the drivers of globalisation

A
  • Technology
  • culture
  • economics
  • politics
  • people and countries
  • institutions
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2
Q

How has technology driven globalisation

A
  • Increase ability to travel
  • instant payments have lead to a global financial system
  • better communication
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3
Q

How has culture driven globalisation

A
  • global culture homogenised by global brands and migration

- monoculture is based around human rights and liberal democracy

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4
Q

How has economics driven globalisation

A
  • development of global markets in goods and services with TNCs having global supply chains
  • specialisation of states with better endowments
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5
Q

How has politics driven globalisation

A

End of Cold War has led to the spreading of neoliberal economic ideas and a monoculture

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6
Q

How have people driven globalisation

A

Growth of migration and movement of people across borders - last 15 years, 41% increase in migration

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7
Q

How have institutions led to globalisation

A

The growing role of organisations like the WTO has facilitated free trade and interdependency

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8
Q

What are the causes of economic globalisation?

A
  • underlying economic logic of capitalism
  • role of technological improvements
  • spread of pro market values
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9
Q

What are the causes of cultural globalisation

A
  • role of social media and better technology
  • TNCs have developed global goods and global brands
  • the growth of migration
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10
Q

What are the causes of political globalisation

A
  • 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
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11
Q

does economic globalisation resolve the issue of global poverty? YES (1)

A
  • 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.
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12
Q

does globalisation resolve the issue of poverty? YES (2)

A
  • 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.
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13
Q

does globalisation resolve the issue of poverty? NO (1)

A
  • 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.
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14
Q

does globalisation resolve the issue of global poverty? NO (2)

A
  • global capitalism is volatile, encouraging crises such as the sub-prime mortgage recession of 2008, and instability threatens socioeconomic progress in states
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15
Q

is globalisation another word for ‘americanisation’? YES

A
  • 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.
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16
Q

is globalisation another word for ‘americanisation’? NO

A
  • China has become the biggest global investor in other countries - the establishment of the AIIB is designed to challenge the dominance of the world bank
  • the growth of different cultures like K-pop and Anime has challenged the dominance of US hegemony
  • US film producers have to increasingly accommodate the Chinese audience
17
Q

is state sovereignty becoming less important? YES

A
  • Global acceptance of free-market liberalism encouraged by the bretton woods institutions restricts the economic choices that states can make - Susan Strange ‘Markets are now masters of governments’
  • states now share power with organisations which are products of globalisation e.g, UN
  • pooling of sovereignty in IGOs such as the EU
  • states accept legal limitations on their jurisdiction in the ECtHR, ICC and ICJ
18
Q

is state sovereignty becoming less important? NO

A
  • states ultimately choose whether or not to cooperate with the NSAs e.g., DPRK
  • it is very difficult to enforce international law, UK ECtHR ruling ignored
  • some people are becoming more loyal to the state again in response to increased globalisation e.g., Brexit