Globalisation Flashcards
What is globalisation?
The changes in national and international institutions and policies that enable the flow of goods and services (Hamilton and Webster, 2018).
What are the types of multi-national approaches?
Ethnocentric
Polycentric
Geocentric
What are some early forms of globalization?
Trade routes like the Silk Road.
When did modern globalization significantly increase?
Post-World War II era, especially post-1990s.
Name three key drivers of globalization.
- Technology and Communication * Trade Liberalization * Multinational Corporations (MNCs)
What role do multinational corporations play in globalization?
They operate across many countries, facilitating economic integration.
What is economic globalization?
Expansion of international trade, investment, and finance.
What is cultural globalization?
Spread of cultural products and hybridization of cultures.
What does political globalization involve?
Global governance, international law, and supranational institutions.
True or False: Environmental globalization focuses on international collaboration on environmental issues.
True
What is neoliberalism in the context of globalization?
Advocates free-market capitalism, minimal state intervention, privatization, and deregulation.
What does Dependency Theory argue regarding globalization?
It may perpetuate inequalities, with wealthy nations exploiting poorer ones.
Name two positive impacts of globalization.
- Economic growth * Technological innovation
Name two negative impacts of globalization.
- Increased inequality * Environmental degradation
What is the Digital Divide?
Unequal access to technology between countries and within societies.
What is cultural imperialism?
Dominance of Western culture over others.
Fill in the blank: Globalization of _______ involves the spread of religious beliefs and practices across borders.
Religion
What is climate change’s relationship to globalization?
Global environmental issues require international solutions.
What is the tension between sovereignty and global governance?
The need for global cooperation versus national sovereignty.
What is the focus of the global knowledge economy?
The rise of global educational networks and knowledge sharing.
What is a criticism of globalization related to culture?
Cultural erosion due to Western dominance.
What does the term ‘post-globalization’ refer to?
Debate on whether globalization is in retreat due to rising nationalism.
What is digital globalization?
The rise of a digitally interconnected world, particularly in terms of information.
Name a case study that illustrates globalization.
China’s Economic Rise.
What impact did the COVID-19 pandemic have on globalization?
Disrupted supply chains, international cooperation, and reshaped globalization debates.
