Human Flashcards
IMF
International Monetary Fund
Lends money for development purposes + aims for international financial stability
In return for loans- conditions- e.g. Force Deregulation and Privatisation
— Forced poorer countries to sell assets to wealthy TNCs
— Borrowing countries may be required to cut back on education, healthcare, sanitation and housing schemes
World Bank
Finance Economic Development
Bank deposits from wealthy countries- loans for developing countries
— strict conditions often imposed on loans- e.g. forced to reduce protectionism
WTO
World Trade Organisation
Aims for Trade Liberalisation- free trade
2016- 162 members
Regulates protectionist behaviour
Aims to reduce trade barriers
— Failed to prevent richest countries from subsidising food producers- unfair playing field
EU
European Union- Trade Bloc
28 member states- 27 after Brexit 2019
2004- 10 new countries joined (Eastern European)
— Tesco’s gained access to 75 million new customers
Allows free movement of Capital, Goods and Services + Labour
-Schengen Agreement- removal of most national borders
Common External Tariff on goods from outside Customs Union
ASEAN
Association of South East Asian Nations
10 member states- 600 million people
Free Trade of G+S
Pledged Peace + Stability- no nuclear weapons
China- 1978 Open Door Policy
Deng Xiaoping replaced Chairman Mao Zedong
1978 Economic Reform- embraced Globalisation
Farmers allowed to make Small Profits
One Child Policy- reduce Population Growth
300 million- internal Rural-Urban Migration
SEZs- attract TNCs to the area (Shenzhen)- provide jobs- 2015 many earn $40+ a day Foxconn- iPhones
400 million alleviated from Poverty
HOWEVER- Great Firewall of China- media controlled by Government
KOF Index
Annual ‘Index of Globalisation’
Uses diverse range of data- UN peace-keeping missions + TV Ownership
But, How do you judge what is globalised?
AT Kearney Index
World Cities Index Business Activity Cultural Experience Political Engagement Determine Global Connectedness
North Korea- Switched Off
No access to Internet or Social Media
No Oceanic Data Cables connecting North Korea
All Media processed by State
South Korea Globalised- now Developed- home of Samsung
India- Service Outsourcing
Outsourcing of Services to India- Call Centres
Many Indians- Fluent English- British Empire
Bangalore- High Broadband Capacity- Technological Hub
E.g. Dell + Intel
China- Manufacturing Outsourcing
SEZs- Tax Havens and Large Pool of Low-Cost Labour for TNCs
— Poor Working Conditions
Honda employees- now earn $300 a month
Hi-Tech manufacturing Booming
-Many ‘Sweatshop’ jobs- outsourced to Bangladesh- far lower Labour Costs
Mumbai- Megacity
2015- 22 million people
Large brands such as Hilton + Starbucks- present in Mumbai
Bollywood Stars + TNCs Management (TATA + Reliance)- drive up house prices in affluent areas
Dharavi- slum- 5000 employed in plastic recycling industries
— Increasing House Prices—> Increased Pressure to redevelop Dharavi- Gentrification
India—> UAE- Low-wage International Migration
Over 2 million Indian Migrants in UAE- 30% of total population
~$15 billion- Remittances to India- Annually
Most work in- Transport, Construction + Manufacturing
~1/5 of migrants- professionals in Service sector
China- Changing Diets + Cultural Change + Environment
Traditionally- Low Meat + High Vegetables
1990s China Meat Consumption- 5—> 50kg per Capita
2015- Largest Processed food Market
Livestock + Cattle Farming- Increased Methane- Greenhouse Gas
- Crops imported from around world- Feed animals
Amazon Rainforest Cleared- Soya Cultivation- Feed Chinese Cattle
Increased Population + Affluence- continue to Increase Demand
Shark-fin Soup- popular due to increased incomes- More Sharks killed
Extremism in Europe
Nationalist Parties- gaining support
Oppose Immigration + Reject Multiculturalism- embrace Facism
UK- Brexit Vote
France- 2015 Charlie Hebdo attack- due to mocking of Islam
China + North Korea- Internet Censorship
China- regulate all Media- restrict foreign social media sites
2010- Google pulled out of China- censoring of Tiananmen Square
Great Firewall of China
North Korea- no access to Internet- state controls
Todmorden- Transition Town
Much o food produce- locally grown — Reduce Food Miles Consumers + Producers aim to work together- long-term good of planet 40 Public fruit + veg gardens Regular talks + events