Political economy of globalisation

Question 1

what are some indicators of globalisation

Answer 1

new technology,
political alliances (EU, NAFTA),
travel/communications (price, speed),
international trade (increase),
growth of MNC/TNC

Question 2

features of industrialisation in britain

Answer 2

no precursor/trial and error,
limited by ideology of low pay/poverty,
banking highly localised

Question 3

what thing was a key factor in the industrialisation of britain

Answer 3

railways

Question 4

what is neo-classical/modernisation theory *

Answer 4

convergence of the institutions/systems of all nations, industrialisation requires institutional developments, education, labour markets, training

Question 5

what is dependency theory *

Answer 5

advanced position of 1st world due to dependence of LDC on first world, lead to consumerism, brands/marketing and a switch in training and skills

Question 6

what is world systems theory *

Answer 6

internationalisation of capitalism since C16 to form a world economy dominated by TNC and MNCs today, MNCs operate beyond national boundaries, dominate development decisions

Question 7

what are transformationalists *

Answer 7

greater interconnectedness, profound yet uncertain outcomes, leading to new configurations of global power relations

Question 8

what are sceptics *

Answer 8

nothing new, an old myth and integration exagerated

Question 9

what are hyperglobalists *

Answer 9

new something (which i can’t read in notes 21/3/17) as a result of emergence of global market leading to denationalisation and end of the state

Question 10

what are varieties of capitalism *

Answer 10

belief that there is a direct correspondence between structure and practice, institutions and organisations are direct source of influence upon behaviour of employees by shaping values and attitudes, these are learnt through socialisation and rational decisions lead to rational behavioural outcomes