Globalisation Flashcards

1
Q

What are the five flows of globalisation?

A
products
capital
services
labour
information
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2
Q

What is the case study for products?

A

world trade in bananas

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3
Q

What are the examples/case studies for capital?

A

maquiladoras

apple

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4
Q

What is the case study for services?

A

India

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5
Q

What are the examples/case studies for labour?

A

Somalia

Qatar

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6
Q

What was Marshall McLuhan’s main idea?

A

“everywhere is now our own neighbourhood”

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7
Q

What did Marshall McLuhan say about tribalising? (3)

A
  • “the world is like a tribal groan”
  • tribal man was a man created by new electronic media, leading to more communication
  • “retribalising” is collective
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8
Q

What did Marshall McLuhan say about books? (2)

A
  • “the role of the book is changing”

- books provide a private point of view

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9
Q

What did Marshall McLuhan say about media? (2)

A
  • he said the media is our senses and appeals to our senses

- the media is a teaching machine, allowing no private interpretation

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10
Q

What is globalisation?

A

Globalisation is the integration and communication between countries resulting in the development of global networks that influence economic, social, political and cultural views worldwide.

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11
Q

When was the term ‘globalisation’ coined?

A

in the 1990s

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12
Q

What did globalisation trigger in recent years? (3)

A
  • the IT revolution
  • the opening up of former communist bloc countries
  • a massive increase in trade in manufactured goods
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13
Q

By how much did trade in manufactured goods increase?

A

from $100 billion in 1956 to $19 trillion in 2013

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14
Q

Who created the dependency theory and when?

A

Andre Gunder Frank in 1971

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15
Q

What did Andre Gunder Frank’s thesis state?

A

the condition of developing countries isn’t because of their lack of doing anything, chance, misfortune or climate, but rather a reflection of their participation in the “global” capitalist system

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16
Q

Outline poor nations’ role in the dependency theory (4)

A

they provide

  • natural resources,
  • cheap labour,
  • a destination for obsolete technology, and
  • markets for developed nations, without which the latter could not have the standard of living they enjoy
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17
Q

Outline wealthy nations’ role in the dependency theory (involving (6))

A

their influence involves

  • economics,
  • media control,
  • politics,
  • banking and finance,
  • education,
  • culture and sport
18
Q

In a short summary, what is the dependency theory?

A

poor nations are supporting richer ones

19
Q

Who created the modernisation theory and when?

A

Walt Whitman Rostow in 1960

20
Q

What did the modernisation theory suggest?

A

that everyone has the chance to develop economically with the correct resources and attitude

21
Q

What are Rostow’s five stages of growth?

A

1) Traditional society
2) Transitional stage
3) Take off
4) Drive to maturity
5) High mass consumption

22
Q

What is traditional society in Rostow’s five stages of growth?

A

a society that’s dependent on the rural economy and is composed of barter, agriculture and is subsistence based

23
Q

What is the transitional stage in Rostow’s five stages of growth?

A

a society that’s dependent on social appreciation of education and skill development and is composed of specialisation, surpluses and infrastructure

24
Q

What is the take off stage in Rostow’s five stages of growth? (composed of (4))

A

a society that’s dependent on the sub-urban economy and is composed of industrialisation, growing investment, regional growth and political change

25
What is the drive to maturity stage in Rostow's five stages of growth? (composed of (4))
a society that's dependent on growth and developed economies and is composed of diversification, innovation, less reliance on imports, and investment
26
What is the high mass consumption stage in Rostow's five stages of growth? (composed of (3))
a society that's dependent on the global economy or market managing economies and is composed of flourishing durable goods, a dominant service sector and consumer orientation
27
Who created the core periphery theory and who expanded on it?
John Friedmann. However, Immanuel Wallerstein expanded on it later, adding the semi-periphery part to include NEEs that weren't quite core or periphery
28
What role do core countries play?
they provide high profit and value-added goods to peripheral and semi-peripheral countries
29
What role do peripheral countries play?
they provide low-wage labour and raw materials for core and semi-peripheral countries
30
What role do semi-peripheral countries play?
they provide high profit and value-added goods, low-wage labour and raw materials
31
What do TNCs do?
invest in new production sites and market goods and services
32
Which flow do TNCs promote?
ideas and information, which lead to technological and cultural change
33
How much has TNC off shore investment risen by?
$20 billion in 1980 to $2 trillion in 2007
34
What is off shore investment?
Investing in assets overseas
35
What is an asset?
a useful/valuable thing (or person)
36
How many TNCs are there?
100,000
37
How much of world financial assets do the top 100 TNCs own?
20%
38
How many people are employed by TNCs?
6 million people
39
How much of the total consumer sales do TNCs have?
30%
40
Why is spatial organisation of TNCs changing?
More economies are becoming more developed, which attracts investment from TNCs since more people are gaining disposable income
41
Give an example of reverse colonialism
Tata bought out Corus (which was British Steel) in 2006
42
Who were the top 3 recipients of FDI in 2019?
US at $261 bn China at $156 bn Netherlands at $84 bn