Globalization Flashcards
Globalization (1)
The intensification of worldwide social relations which link distant localities in such a way that local happenings are shaped by events occurring many miles away and vice versa.
Globalization (2)
The integration of the world economy.
Globalization (3)
De-territorialization or the growth of superterritorial relations between people.
Globalization (4)
Time-space compression
Globalization (5)
The widening, deepening and speeding up of worldwide interconnectedness.
Hyperglobalists
Argue that globalization is bringing about the demise of the sovereign nation-state as global forces undermine the ability of governments to control their own economies and societies,
Skeptics
Reject the idea of globalization and argue that states and geopolitics remain the principal forces shaping world order.
Transformationalists
Contend that both Hyperglobalists and skeptics exaggerate their arguments.
Globalization (6)
A stretching of social, political, and economic activities across political frontiers.
Globalization (7)
The intensification, or growing magnitude, of interconnectedness
Globalization (8)
The accelerating pace of global interactions and processes.
Globalization (9)
A deepening enmeshment of the local and the global
Arguments for Globalization
- Pace of economic transition
- Communications have fundamentally revolutionized the way we deal with the rest of the world
- There is now, more than ever before, a global culture
- The world is becoming more homogenous
- Time and space seem to be collapsing
- A global polity is emerging
- A cosmopolitan culture is developing
- A risk culture is emerging.
Arguments Against Globalization
- Buzzword denoting the latest phase of capitalism
- Present international economy is not unique
- No shift in finance and capital from developed to underdeveloped worlds.
- World economy is not global
- Group of three blocks could regulate global economic markets and forces, - Globalization is very uneven in its effects.
- May be the latest stage of Western imperialism.
- There are very considerable losers as the world becomes globalized.
Arguments Against Globalization (1)
- Not all globalized forces are good.
- Transnational social movements are not responsible or democratically accountable to anyone.
- Explaining the tremendous economic success of some national economies in the globalized world is a complicated task.
The Three Waves of Globalization
- First wave - Age of discovery (1450-1850): Globalization shaped by European expansion.
- Second wave - Age of imperialism (1850-1945): Major expansion is the spread and entrenchment of European empires.
- Third wave - Contemporary globalization (1945-present): A new epoch in human affairs, where the satellite and microchip are the icons of a globalized order.
The Westphalian Constitution of World Politics (Peace of Westphalia - 1648)
- Territoriality - humankind is organized principally into exclusive territorial (political) communities with fixed borders.
2 Sovereignty: Within its borders, the state or government has an entitlement to supreme, unqualified and exclusive political/legal authority. - Autonomy: Countries appear as autonomous containers of political and economic activity.
The Post-Westphalian Order (Global Politics)
- State sovereignty - Increasingly understood as the shared exercise of public power and authority between national, regional and global authorities.
- State autonomy - In return for more effective public policy and meeting citizens’ demands, the state capacity for self-governance is compromised.
3, Territoriality - A new geography of political organization and political power, which transcends territories and borders, is emerging
