Globalisation Flashcards
Economic
Under General Agreement on Tariffs and Trade (GATT) and its successors WTO, world trade has expanded rapidly, with NICs and TNCs being key players. IMF and World Bank play major roles in running the world economy
Cultural
Western culture has diffused to all parts of the world through media
Political
Influence of nations states has diminished as more countries organise themselves into trade blocs. Also the influence of Western democracies on developing countries has been strong
Urban
A heirarchy of global cities has emerged to act as centres for the global economy
Demographic
The growth of international migration and rise of multicultural societies
Linguistic
The emergence of English as the working language of the ‘global village’
Environmental
The impact of activity in one country has an impact on others eg spread of pollutants and impact on climate change and global warming