Globalisation Critique Flashcards
What are benefits of globalisation in terms of integration? - Globalisation Critique
Globalisation leads to countries being able to pool resources, knowledge and expertise to solve global issues, allow greater integration of people and cultures, promoting societal cohesion and an appreciation of diversity.
What benefits of globalisation are there in terms of development? - Globalisation Critique
FDI can bring capital into developing nations from wealthy countries, allowing services, education and infrastructure to develop. Global institutions such as the World Bank can direct resources to aid development through international cooperation.
What are benefits of globalisation in terms of economic growth? - Globalisation Critique
Global trade means countries may profit from natural resources and specialist industry, can improve standards of living due to greater access to products and money, countries can access and trade in products they would not be able to create themselves.
What are benefits of globalisation in terms of stability? - Globalisation Critique
Interdependent countries creates security and global peace due to the potential consequences of conflict, strong and stable governments create economic development, political stability creates democratic freedoms.
What are hyperglobalists? What do they believe? - Globalisation Critique
Hyperglobalists are people that believe individual nation states are no longer important, with a single global market that exchanges goods, money, investments, people and services being dominant. They believe decisions are made at a level above individual states.
What are optimist globalists? What do they believe? - Globalisation Critique
Optimist globalists believe that the global acceptance of neoliberalism has led to the world becoming increasingly inter-connected, and that the world is better of for it. Prosperity is created for all and the world feels smaller due to rapid transfers across the world.
What are costs of globalisation in terms of inequalities? (Within/between countries) - Globalisation Critique
Within countries: creates a divide between rich and poor, developed countries lose low skilled jobs to developing countries (creating economic decline).
Between countries: developed countries have an improved access to capital and technology, creating an advantage over HICs.
What are costs of globalisation in terms of inequalities through differential access? What is a solution to this? - Globalisation Critique
Globalisation results in variable access to information and resources across the world, favouring HICs. This has been aided by mobile services allowing people to gain access to globalised services such as finance.
What are costs of globalisation in terms of injustices? (Working environments/power relations) - Globalisation Critique
Working environments: sweatshop conditions used in LICs to make products for HICs.
Power relations: unequal power relations exist in an interconnected world, allowing some countries to control geopolitical events.
What are costs of globalisation in terms of conflict? - Globalisation Critique
Developed countries have been known to have intervened in conflicts in order to create economic gain and secure natural resources such as oil. Cyber warfare has increased in prevalence as countries and companies depend on the internet, meaning these attacks gave huge impacts.
What are costs of globalisation in terms of the environment? - Globalisation Critique
Global trade creates increased stress on the environment due to industry and transportation, also depletes resources, threatens natural habitats, causes environmental degradation, overfishing, ignoring of environmental standards following race to the bottom.
What are globalisation sceptics? What do they believe? - Globalisation Critique
Globalisation sceptics are those that may believe the world has always been integrated and are sceptical that goods can fully flow freely due to protectionist measures. They also believe that globalisation marginalises the poor and that many countries have achieved global significance without international relationships.
What are anti-globalists? What do they believe? - Globalisation Critique
Anti-globalists oppose globalisation and widespread capitalism. They oppose interdependence and the global power held by TNCs. They also believe that globalisation creates exploitation of workers, living standards and welfare. They dislike the decline of sovereign and independent states.
What are transformationalists? What do they believe? - Globalisation Critique
Transformationalists are people that see value in the arguments of globalisation and scepticism over interdependence. They believe that globalisation should be accepted, yet that a government’s role is changing rather than being overtaken by group decision making.
