Globalisation Critique Flashcards
benefits of globalisation
increased economic growth
improved living standards
cultural integration
stability
+ economic growth
global trade and FDI
- create new job opportunities
- stimulate multipier effect
eg China became worlds 2nd largest economy
+ improved living standards
additional wealth flows countries to invest in infrastructure and improve education and healthcare
- in turn stimulates further growth
+ cultural integration
cultures and ideas can flow between countries
promotes cultural awareness and diversity
- increased tolerance and acceptance means less discrimination
+ stability
means countries become more interdependent
- more likely to work together, international cooperation
eg Paris Climate Agreement
- less chance of war
- need resources from other countries/ don’t upset global stability
costs of globalisation
environmental degredation
inequalities
cultural erosion
injustice and conflict
- environmental degradation
global trade requires more transport
= more pollution and ghg emissions
cheap products mean people can be wasteful = more waste
access to global resources leads to deforestation eg Amazon
(eg race to the bottom, ignoring environmental laws)
- inequalities
causing a growing gap between rich and poor within and between countries
HICs have more access to technology
- advantage over LICs
- gap grows
movement of manufacturing abroad means less low skilled jobs in HICs
- low skilled workers have no jobs
- cultural erosion
spread of western culture across world
eats to dilution and loss of other cultures
eg growing dominance of English
- injustice and conflict
exploitation of people in factories such as sweatshops in LICs
HICs can intervene on conflicts to secure goods from others
dependancy of internet creates more cyber warfare, attacks have large impacts
improved transport makes human trafficking easier
