Globalisation - Overview & Readings

Question 1

What does ATKearney define the four measures of “most global nation” to be

Answer 1

1. Economic integration (trade, FDI)
2. Personal contact (travel + tourism, international telephone traffic)
3. Technology (number of internet users and secure hosts)
4. Political Engagement (membership is international organisations eg UN

Question 2

Thomas Freidman, The World is Flat

What is the primary fuel that advances economic development

Answer 2

technology

Question 3

Gray, John, The World is Round,

In ‘The World is Flat’ what are the 3 stages of globalisation

Answer 3

• 1492 to 1800 = countries open up trade with the new world driven by military expansion

1800 to 2000 = global integration driven by multinational corporations

2000 onwards = driven by individuals

Question 4

what resources changed human life more deeply than any information technologies

Gray, John, The World is Round,

Answer 4

petroleum
electricity

Question 5

Gray, John, The World is Round,

how did petroleum and electricity become part of life

Answer 5

did not end war and tyranny

used for a variety of purposes and becomes part of the normal conflicts of history

Question 6

What does

Gray, John, The World is Round,

predict will happen as China and India gain more power

Answer 6

they will demand recognition of their distinctive cultures and values in international institutiosn

Question 7

What do

Constantinescu, Cristina, Aaditya Mattoo, and Michele Ruta, Slow Trade

attribute slow trade to

Answer 7

foreign direct investment increases the domestic availability of inputs that had previously been imported, hence, slower trade