Globalization Flashcards

1
Q

Definition

A
  • the increasingly worldwide integration of all aspects of social co-existence (culture, politics, economy, communication)
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2
Q

Impact on environment

A
  • increased consumption of goods leads to exploitation of environment and depletion of natural resources
  • widespread deforestation (e.g. for soy bean plantations) leads to loss of biodiversity, disruption of the balance of the ecosystem
  • transportation of goods leads to more air pollution
  • companies stick to environmentally harmful but cheap production techniques in order to stay competitive
  • mass production of products which contain plastic (cheap however harmful bc non-biodegradable product) –> gets thrown into the oceans and seas, leading to formation of plastic patches and is toxic for sealife, microplastics consumed by fish and reaching us through the food chain
  • but: globalization can trigger environmentally friendly innovations and bring public awareness about labor and environmental standards (eco labels and fairtrade)
  • in spite of efforts, damage inflicted cannot be undone so easily and is in some cases irreversible
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3
Q

Impact on children

A
  • fosters child labor bc work is outsourced to the cheapest country, many children work for subcontractors of global companies
  • India world’s capital for child labor (55 mill. children under 14, 20% of country’s economy dependent on child labor)
  • children work in very dirty conditions with no safety measures, often exposed to dangerous materials e.g. in copper mines, get abused physically
  • work long periods of time for very little money and not able to go to school
  • companies like Nestle and HM indifferent about child labor, but other companies like GapKids fight against it (they terminated contracts with over 130 suppliers bc of child labor)
  • companies and customers can demand better conditions, globalization brings awareness to the issue
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4
Q

Impact on education

A
  • companies require more qualifications, higher education and fluent english
  • many jobs move overseas and there’s more competition –> pressure to pursue higher education
  • problem: people who can’t afford going to college/university or who aren’t able to will have even more difficulties finding a job, won’t be able to participate in global trade (demand for non-qualified workers is falling)
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5
Q

Impact on women’s wages

A
  • global companies require more commitment and flexibility, expect employees to be available around the clock
  • many women which have children aren’t able to keep up with these expectations due to demands of motherhood –> result: working mothers earn less than women without kids and even less than men
  • women stuck on mummy track after birth and wages never fully recover
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6
Q

Impact on health

A
  • organ transplants more available, cheaper medication from India and China
  • deadly diseases spread more easily due to increased travel
  • global pandemics with devastating economic and social consequences
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7
Q

Impact on culture

A
  • increased understanding for people from foreigh countries, better communication, broades personal horizon and helps to understand other perspectives and cultures
  • strengthens ties between nations and dampens xenophobia
  • but: if people’s tastes and traditions converge, there will be cultural homogeneity –> loss of unique cultural practices
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8
Q

Impact on economy

A
  • countries which have embraced free trade have been lifted out of poverty and are developing quickly (China and India)
  • lower prices, consumers have a wider choice
  • developing countries profit from outsourcing, leads however to job insecurity in developed countries due to international competition
  • developed countries like America become de-industrialized –> in long term low economic growth, less innovations, lower productivity, declining wages and living standards for industrialized countries
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