Globalization Flashcards
“the act of globalizing”
Globalization (according to the Oxford English Dictionary)
This generally refers to an increasing interaction across national boundaries that affects many aspects of life: economic, social, cultural, and political
Globalization (according to United Nations Poverty and Development Division)
The increased interconnectedness and interdependence of people and countries
Globalization (according to World Health Organization)
Name some positive effects of Globalization
- Better products / lower prices
- Collaboration and shared resources
- Cross-cultural exchange
- Spread of knowledge and technology
- Quick technological advancements
- Increased open-mindedness and tolerance
Name some negative effects of Globalization
- Environmental problems
- Economic dependence
- job security
- threat to cultural diversity
- migration challenges
- spread of disease
What are the 6 aspects of globalization?
- Industrial globalization / transnationalization
- Financial globalization
- Political globalization
- Information globalization
- Cultural globalization
- Globalism
The rise and expansion of multinational and transnational enterprises
Industrial globalization / transnationalization
The emergence of worldwide financial markets and better access to external financing for corporate, national, and sub-national borrowers
Financial globalization
This refers to the spread of political sphere of interests to the regions and countries outside the neighborhood of political (state and non-state) actors and the potential formation of a global citizen movement.
Political globalization
The increase in information flows between geographically remote locations.
Information globalization
The growth of cross-cultural contact where people of the world get a better understanding and appreciation of cultural diversity and plurality.
Cultural globalization
The universal, internationalist impulse that the world is connected. It embodies cultural diffusion, the desire to consume and enjoy foreign products and ideas, adopt new technologies and practices, and participate in “world culture”.
Globalism
Movement of a person or persons from one place to another, involving a permanent move of home for over a year
Migration
What are the two factors of Migration?
- Pull factor
- Push factor
(Push or pull?) This is what attracted people to migrate
Pull