Globalisation and Global Governance Flashcards
Globalisation
The increased integration and interdependence of economic, cultural and political systems across geographical boundaries.
The way in which people’s lives are becoming increasingly intertwined with those of distant people in places around the world.
A process by which economies, societies and cultures have become increasingly integrated through the global network of trade, communication, transportation and immigration.
Advantages of Globalisation
-Choice of products so more competition so lower prices
-Employment
Disadvantages of Globalisation
-Clone towns - ‘everywhere looks the same’
-local businesses may be forced to close
-Jobs could treat employees unethically
-Unemployment
-Aggressive marketing
-Hostile takeover
Types of Globalisation
-Economic
-Urban
-Social/cultural
-Linguistic
-Political
-Demographic
-Environmental
G7
USA, UK, France, Germany, China, Japan, Canada
Permanent Security Council
USA, UK, France, China, Russia