Globalization Flashcards
What is Globalization
- When a business, and other corporations expands to the point where it has international power
What are the 3 p’s of Globalization
Phenomenon
- historical events that happen somewhere impact everywhere else
-intricate interconnectedness
philosophy
- People experiences converging
process
-eliminated political and geographical distances
-makes the world smaller
internet
we are able to go across borders like never before in history
Top 5 country producers(as of 2010)
- USA
-China
-Japan
-Germany
-Italy
Interference
Hindering something from moving forward
Regulation
Strict laws put in place
something being controlled
Subsidy
- monetary asistance provider(for groups, people or public interest)
Freemarket economy
- a market that thrives off of the ability to do things freely without being regulated . the government has little to no interference
laissez faire capitalism
Closed market
Not open to business from outside and foreign countries ex: Latin America used to be a closed market until the 1980s
How does oil trading affect the economy?
- Oil trading is one of the most important things
- supply and demand
- the more people we have the more oil we need
-China, and India other places becoming more industrialized and urbanized, so there needed to be a significant increase in sales - Yom Kippur- happened I 1973
Iranian revolution1979
affects business shipping
Adam smith
- Irish economist
-can also be known as the father - Important works: wealth of nations
invisible hand
laissez faire
government should leave the economy alone, in other words it is a free market
What is the concept of the invisible hand
- yet even though the economy is moving, and people are free to make decisions, the invisible hand is there subconsciously. meaning that even though o=you make decisions yourself it is ultimately going to impact the economy in one way
What book did Adam smith contribute
The wealth of nations
Karl Marx
- Communist
important works: communist manifesto - the workers are going to be the ones providing the goods, then the owners get and own everything
Proletariat’s VS Bourgeoisie
John Keynes Maynard
- Macroeconomics
-spending in the economy affects employment
unemployment benefits
Governments should play a key role in their economies
“in the long term we are all dead”
Milton
Money growth so that the economy can be stable
Monetarist
in order for you to reap its benefits you have to put money in
Free to chose
IMF
International Monetary Fund
1. oversee fixed exchange rates
2.promote convertibility
3.Lender of last resort
What was the wolrd bank known as in the past
- IBRD
International, bank for reconstruction and development
What makes part of the international trade organuization in the present day
WTO
GATT
What does the World bank do?
-They enable people to borrow money
-Infastructure
What was the Marshall plan?
- AN American plan that aimed to help a war torn Europe, and by helping them they get lots of money
jobs of GATT and WTO
Reduce national barriers
Stop competitive trade policies
Finally established in 1994 – called World Trade
Organization
150 member states
30 ‘observers’
The Bretton woods Trio
International Monetary Fund (IMF)
The World Bank
General Agreement on Tariffs and Trade
Name 5 big Corporations
-walmart
-Toyota
- Volkswagon
-Apple
state grids
Yalta conference
How they(US, UK, USSR) are going to reconstruct old Europe post war
Potsdam
Negation of how to end WW2
Isolation VS containment
meaning, that if you were in complete isolation, you put a stop to that then you start going into nation which prohibits other from getting involved
The Americans get involved in:
The Korean War
the Vietnam war
cuban misslie crisis
The Afghan conflict
Dwight Eisenhower
-President
-part of military
SIPRI
Stockholm International Peace
Research Institute (SIPRI)
5 Forms of Human Trafficking
Pornorgraphy
Organ
Labour
forced prostitution
Servitude
Human trafficking cases in Ottawa?
-Over a seven year period 7 men have been arrested for zex trafficking
from 2010-2020, 1 in every 10 police report to human trafficking
Methods of controlling the Victim
-Physical abuse
-Sexual abuse
Blackmailing
Money
branding
3 concepts of Sipri
- US continues to be the worlds most dominant force
- as if 2010, Middle East giant 10 times more weapons
3.india has more weapon imports
On the list of Big countries and economic entities where does Canada score
Canada is number 9th , right beforee Walmart
What lead to the stockpiling of weapons
1949 - USSR atomic bomb (announces it has entered the atomic age) - challenging American hegemony (USA no longer dominates world)
NATO - security alliance of 30 countries, safeguards freedom by military and political means
NORAD - military command responsible for aerospace warning and control, commander is appointed by the Heads of Government of Canada and the United States
DEW LINE - system of radar stations in the Northern Arctic region of Canada, shut down in late 1980s, increased connections between Inuit peoples and Canadian polity, provided economic development
SIPRI
Arms Trade tracker, records value of military imports
Swedish (Stockholm)
Countries with high sex trafficking
Thailand (military state)
A lot of prostitution; quick and easy money
Not legal but mostly unprosecuted because people spend money which is good for the economy
A lot of tourists
Unstable government
Military run
Very poor population
Ukraine (Former Soviet)
Mono Economy
Moldova (Former Soviet)
Mono Economy
Romania (Former Soviet)
Belarus (Former Soviet)
Nepal (Former British Raj and poor lmao)
Libya (Former Ottoman/Italian/French/Brit colony also poor)
A lot of people escaping the Middle East; easy targets
North Africa; labour is a most popular form of trafficking
What do all the high sex trafficking countries have in common?
Poor
Have relaxed government officials
Poor
Have trafficking be “illegal”
Ways victims fall into sex trafficking
Romeo/ Loverboy - A relationship that leads to blackmail and trafficking (Andrew Tate)
Jobs - Promise of jobs and financial stability for families (Qatar World Cup controversy + UAE construction controversy)
Modelling Industries - sussy business
Exploitation - “Friends” bringing other friends into trafficking
Buy them dogs and after forming an emotional attachment they beat the dog
Saying they owe them money and make them “work” for it.
Ottawa is a HUB for sex trafficking in Canada
Between two major cities, Montreal et Toronto
Girls (overwhelmingly) are transported between the three cities to be used while under the nose of law enforcement
10% of sex trafficking cases despite not holding 10% of Canada’s population (disproportionate)
Indigenous communities most at risk
Ottawa holds_ percent of sex trafficking cases
10 percent
Trafficking
Someone will continue to profit off the transport of a certain good (mostly people) after “acquiring” them
Smuggling
illegally bringing goods or someone over a(ny)
border
A business transaction (you pay for someone/thing to be smuggled, and the deal is done)
Think smuggling drugs over the borde
Which countries loaned money and are now in depth
Greece
Germany
