Globalisation Flashcards
What is globalisation?
Deepening interconnectivity + dependence between nations
Is globalisation new?
Isn’t new, but scale + scope has increased dramatically in last 50 years
Name 3 key factors in globalisation
- Freedom of trade
- Improved communication
- Improvements in transportation
How has freedom of trade been promoted by international organisations and agreements?
- Organisations like WTO help promote trade between countries by removing trade barriers
- eg. tariffs between countries
- Regional trade agreements e.g. EU’s Single Market, NAFTA also promote free trade
How has improved communication aided globalisation?
Growth of internet + mobile technology facilitates business and broader sharing of ideas + culture
How has improved transportation aided globalisation?
Speed of moving goods has increased whilst cost has decreased.
Containerisation is key.
What is economic globalisation?
- Deep integration
- All national economies have, to some extent, been absorbed into an interlocking global economy
- Production is internationalised
- Financial capital flows freely and instantly between countries
What is political globalisation?
- Shift of decision-making from states to IOs
- Which may have regional jurisdiction (EU) or global jurisdiction (UN)
What are most international organisations founded on?
- The principle of intergovernmentalism
- Rather than supranationalism
- As states take collective action without sacrificing national sovereignty
What is the impact of political globalisation?
- Regulation of economic globalisation
- Global spread of political ideas (human rights)
- Or political structures (liberal democracy)
What is cultural globalisation?
Information, commodities + images produced in one part of the world enter into a global flow that tends to flatten out cultural differences between nations, regions + individuals
Is cultural globalisation a form of cultural imperialism?
Brings about process of global homogenisation -> weakens indigenous cultures and values
Who does cultural globalisation benefit?
- Serves the interest of economic globalisation
- Advancing interests of TNCs
What is cultural globalisation associated with?
Associated with political extremism as perceived Western domination has stimulated growth of religious fundamentalism + ethnic nationalism
According to liberals, has globalisation had a dramatic impact on global politics?
- Globalisation has had a dramatic + far-reaching impact on global politics
- Profound shift that has intensified since 1980s
- Impact of globalisation greatest on state + state sovereignty