Globalisation Critique Flashcards
Some cards need answers
What are the three different groups of people who have different views on globalisation?
Hyperglobalists
Transformationalists
Sceptics
Hyperglobalist
Supports globalisation.
Believes that countries are no longer important and that trading blocs are key.
Believe decision making at the global level is more important than decision making at the local/national/regional level.
Transformationalist
They hold a view in between the two extremes.
They accept the process of increasing globalisation but think that the role of governments is changing rather than being overtaken by group decision making.
Sceptic
Hold the view that globalisation is nothing new and that the world has always been integrated.
They are sceptical of the free movement of goods and services. There are aspects of the hyperglobalist view as many countries adopt protectionist measures.
China, India and the USA have achieved their growth through government and upholding their sovereignty. Sceptics also believe that globalisation marginalises the poor.
Anti-globalisation movement
A social movement comprised of those against globalisation and widespread commercial capitalism.
They oppose large TNCs having unregulated political power, exercised through trade agreements and the deregulation of financial markets.
Common targets include the IMF, World Bank, OECD and free trade treaties such as NAFTA or FTAA.
Differential access to markets - example: covid
The ability to obtain information on resources, for example, is not equal for all countries worldwide.
For example, HICs hoarded as many Covid Vaccines as possible, whilst LICs struggled to get access to them – likely because HICs developed them
Global corruption
Corruption is a form of dishonest or unethical conduct by a person entrusted with a position of authority, often to acquire personal benefits.
Government or political corruption occurs when an office-holder acts in an official capacity for personal game.
Cyber security
Cyber security comprises technologies, processes and controls that are designed to protect systems, networks and data from cyberattacks.
Cyberterrorism
The use of computer network tools to shut down critical national infrastructure (such as energy, transportation, government operations) or to coerce or intimidate the government or civilian population.
Give an example of cyberattacks
The NHS, Royal Mail and Twitter were all victims of cyberattacks.
Benefits of globalisation
Integration
Stability
Development
Economic growth
How is integration a benefit of globalisation?
Globalisation allows countries to pool their resources to solve global issues that are too great for a single country to deal with. Greater integration of information and people creates a better understanding between people of different backgrounds and cultures.
How is stability a benefit of globalisation?
As countries become more interconnected, they become more dependent on one another. This discourages any actions that would upset global stability, because of the negative consequences for all countries.
How is development a benefit of globalisation?
Foreign investment brings capital into a country, which can be used to improve education and infrastructure. This in turn can attract further trade and investment, which leads to further development. Global institutions like the World Bank can direct resources to help countries develop further.
How is economic growth a benefit of globalisation?
Participation in global trade allows countries to profit from their natural resources and specialist industries, generating wealth.
Countries can also gain products and services that they would be unable to produce themselves. Greater access to money and products improves people’s standard of living.
