Globalisation Flashcards
What factors cause accelerating globalisation?
Economic
Political
Migration
Cultural
Flow of commodities
Technology
What is the IMF’s definition of globalisation?
The increasing integration of economies around the world , particularly through the movement of goods, services and capital across borders.
There are also broader cultural, political and environmental dimensions of globalisation
What are the 4 types of globalisation?
Economic
Political
Social
Cultural
Examples of economic globalisation?
TNC Expansion
- TNCs like Apple and McDonald’s operate in multiple countries
Global supply chains
- Countries source materials and manufacture products in different countries creating interdependence between economies
FDI
- Countries and companies invest in businesses or infrastructure abroad
Trade agreements
- Reduce tariffs and trade barriers
Outsourcing and offshoring
- Production or services moved to countries with cheaper labour, reducing costs and increasing global economic links
Examples of political globalisation?
International Organisations
- UN, WTO and IMF promote global cooperation
Global Agreements
- Paris Agreement on climate change address global challenges through international cooperation
Political Alliances
- Promote political, economic and security cooperation among member states
Peacekeeping
- By the UN etc aim to maintain stability and resolve conflict
Global regulations
- The creation of global standards in areas like environmental protection, trade and human rights are enforced by international bodies- showing how politics operates on a global scale
Examples of cultural globalisation?
Spread of media
- Hollywood movies, global music trends like K-pop etc.
Diaspora communities
- migrant communities establish cultural landmakrs in different countries (e.g Little Italy, Chinatown) spreading their traditions
Global cuisine
Social media
- Global conection
Examples of social globalisation?
- International immigration is creating multicultural societies where people share and adopt cultures
Global networks and connectivity
- Connect individuals across countries
Global Health & social issues
- Global NGO’s and charities are involved in the global improvement of education and health, such as the World Health Organisation
What has globalisation led to?
- Lengthening of connections
- Deepening connections into more aspects of life
- Faster speeds of connection
Examples of political interdependence?
International treaties & agreements
- Countries agree to cooperate on global issues
European Union
- member states have political, economic and legal interdepence
Trade agreements
International conflict resolution
- Countries rely on organisations such as the UN to resolve conflicts, maintain peace and ensure regional stability
Global health cooperation
- Efforts like World Health Organisation and international responses to health crises
What’s an example of interdependence when a country relied on others intervention due to political unrest?
- Many nations intervened when there was Serbian state sponsored ethnic cleansing of Kosovo Albanians
- This eventually led to Kosovo’s independence
Examples of economic interdependence?
Global supply chains
- Countries depend on each other for the production of goods and services
FDI
- Investment in other countries economies
International Development Aid
- wealthier countries provide aid to developing countries
Outsourcing & Offshoring
- Companies rely on countries with lower labour costs for production
Examples of social interdependence?
- Migration has caused social interdependence as there are diasporas all over the world that are dependent on the place they now live in
Examples of environmental interdependence?
- All nations are affected by other countries greenhouse gas emissions, nuclear waste emissions etc., meaning they all rely on each other to protect the environment
- E.g the Nuclear fallout from Chernobyl in Ukraine reached the UK and France
Sustainable Development Goals
- requires countries to collaborate
What transport and tech developments were there in the 19th and 20th centuries?
Steam power
Jet aircraft
Containerisation
Telegraph
Describe steam power:
- Britain was leading in the 1800s in terms of steam technology
- This allowed them to move their goods and armies very quickly
Describe telegraph:
- First telegraph cables were laid across Atalantic in 1860s, which allowed for almost instantaneous communication and revolutionised how businesses operated
What transport and tech developments were there in the 21st century?
Telephones
Broadband and fibre optics
GPS
Internet
What are the different flows in globalisation?
Capital
Labour
Products
Service
Information
Describe capital flow:
- Movement of money for the purpose of investment, trade, or business production
Describe labour flow:
- Movement of people to go and work in another country
Describe product flow:
- Flow of physical goods from one country to another
Describe service flow:
- Services are ‘footloose’ industries meaning they can locate anywhere without constraints from obstacles such as resources
- Services flow as they can be produced in a different country to where they’re received (e.g call centres)
Describe information flow:
- Any type of information can flow from one place to another via internet, phones, SMS etc.
What are the factors that cause a country to be detached?
Environmental
Political
Economic